BEYOND GDP

Valentin Chavdarov

Abstract: The article examines the shortcomings of GDP as a summary measure of economic activity. Some of the shortcomings of GDP are due to lax financial regulations as well as the globalization of the economy. The loosening of regulations since the Great Depression and the activities of multinational companies with a goal to minimize the due taxes distort the economic reality and statistical data that reflect this reality.

The article reflects the author's opinion and does not commit the National Statistical Institute.

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Date published: 2016-08-29