A Refined Model to Predict Near-Term US Real GDP Growth

Authors

  • Manuel G. Russon St. John’s University
  • Vipul Bansal St. John’s University

DOI:

https://doi.org/10.33423/jabe.v23i5.4561

Keywords:

business, economics, gross domestic product, consumer price index, trend

Abstract

The Gross Domestic Product (GDP) is defined as the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Real GDP (RGDP) is GDP adjusted for the cost of living and is computed as Nominal GDP divided by a deflator. It is largely taken to be a measure of the economy of a country’s well-being, while year over year percentage changes in the RGDP measure economic growth (RGDPG. This research investigates the possibility that, in addition to trend, inflation may be a determinant of RGDPG. Specially, inflation is found to be a leading determinant having a negative influence.

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Published

2021-09-16

How to Cite

Russon, M. G., & Bansal, V. (2021). A Refined Model to Predict Near-Term US Real GDP Growth. Journal of Applied Business and Economics, 23(5). https://doi.org/10.33423/jabe.v23i5.4561

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Section

Articles