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How to Express and to Measure Whether an Economic System Develops Intensively

Faculty of Economic Studies, University of Finance and Administration, Estonská 500, 101 00 Prague, Czech Republic
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Systems 2018, 6(2), 24; https://doi.org/10.3390/systems6020024
Received: 18 April 2018 / Revised: 11 June 2018 / Accepted: 12 June 2018 / Published: 14 June 2018
(This article belongs to the Special Issue Modelling of Economic Systems)
This article presents comprehensive typology of all possible relationships among inputs of an economic system, their productivity, and output. Each situation is given an exact name explaining how intensive and extensive factors contributes to the system development. The exact contributions of the factors can be counted by so-called dynamic intensity and extensity parameters. The article describes logic of the parameters, discusses their advantages and problems and assigns their values to the presented nomenclature of the developments. The parameters are further compared with growth accounting methods and their use is demonstrated on the development of macroeconomic system on the national economy level when it is counted how intensive and extensive parameters contribute to the Czech and German GDP development in the period 1991–2017. The analysis confirms that the parameters can be used as an alternative methods to growth accounting and that managers of any economic system should pay attention whether a system achieves positive value of the dynamic intensive parameters in long run. View Full-Text
Keywords: total input factor; total factor productivity; system output; intensive development; dynamic intensity parameter; dynamic extensity parameter; growth accounting total input factor; total factor productivity; system output; intensive development; dynamic intensity parameter; dynamic extensity parameter; growth accounting
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MDPI and ACS Style

Wawrosz, P.; Mihola, J.; Kotěšovcová, J. How to Express and to Measure Whether an Economic System Develops Intensively. Systems 2018, 6, 24. https://doi.org/10.3390/systems6020024

AMA Style

Wawrosz P, Mihola J, Kotěšovcová J. How to Express and to Measure Whether an Economic System Develops Intensively. Systems. 2018; 6(2):24. https://doi.org/10.3390/systems6020024

Chicago/Turabian Style

Wawrosz, Petr, Jiří Mihola, and Jana Kotěšovcová. 2018. "How to Express and to Measure Whether an Economic System Develops Intensively" Systems 6, no. 2: 24. https://doi.org/10.3390/systems6020024

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