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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
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JOURNAL OF APPLIED BUSINESS AND ECONOMICS

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


Author(s): Manuel G. Russon, Vipul Bansal

Citation: Manuel G. Russon, Vipul Bansal, (2021) "A Refined Model to Predict Near-Term US Real GDP Growth," Journal of Applied Business and Economics, Vol. 23, Iss.5,  pp. 30-36

Article Type: Research paper

Publisher: North American Business Press

​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.