Open Access“GDP-GNP Gap Trade-Off-is it Significant for Economic Performance? Review of World Economies Having Both Gaps”
Author(s) -
Jannatul Ferdous Bristy,
Tarun Kanti Bose
Publication year - 2017
Publication title -
international journal of accounting and financial reporting
Language(s) - English
Resource type - Journals
ISSN - 2162-3082
DOI - 10.5296/ijafr.v7i1.10735
Subject(s) - real gross domestic product , economics , gross domestic product , foreign direct investment , gross private domestic investment , gdp deflator , inflation (cosmology) , monetary economics , international economics , output gap , per capita , exchange rate , macroeconomics , monetary policy , production (economics) , return on investment , population , physics , demography , open ended investment company , sociology , theoretical physics
This study directed toward identifying the comparative economic performance of countries having GDP>GNP Gap and GNP>GDP Gap. A total of 32 countries with GDP>GNP Gap and 24 countries with GNP>GDP Gap were identified and analyzed using twelve important economic indicators. The result shows that Countries with GDP>GNP Gap are doing comparatively well in employment, export, foreign reserve, GDP, import, per capita income, savings and trade investment. Countries with GNP>GDP Gap are leading in inflation and exchange rate. Although Countries with GDP>GNP Gap are leading the race but this study concludes that economic development can be ensured and sustained with these two types of gaps.