What is it about?

The three-factor multiplicative model was proposed. On this basis were drawn conclusions about and the impact of defining factors on GDP of Ukraine and Poland for 2014–2016. This made it possible to compare the effect of individual factors on the GDP of the selected countries.

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Why is it important?

Performing this task will help to compare the dynamics, structure and factors of influence on the GDP of individual countries and to understand at what level economies of these countries were at the time of the survey.

Perspectives

I hope this article makes what people might find boring, slightly abstract, like economics and measuring things like that, international comparisons of GDP, interesting and maybe even exciting. More than anything, and at the very least, I hope this article gets you thinking.

Ruslan Motoryn
Kyiv National University of Trade and Economics, Ukraine

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This page is a summary of: Using the index method for international comparison of indicators of GDP factors, Statistical Journal of the IAOS, June 2020, IOS Press, DOI: 10.3233/sji-190599.
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