Next Article in Journal / Special Issue
Monetary and Fiscal Policy Interactions in the Czech Republic
Previous Article in Journal
Maturity Models for Systems Thinking
Previous Article in Special Issue
Efficient and Equitable Climate Change Policies
Article Menu

Export Article

Open AccessArticle
Systems 2018, 6(2), 24; https://doi.org/10.3390/systems6020024

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
*
Author to whom correspondence should be addressed.
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)
Full-Text   |   PDF [2938 KB, uploaded 21 June 2018]   |  

Abstract

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
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

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.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Systems EISSN 2079-8954 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top