of the GDP per person in a country’s population. It indicates that the amount of output or income per person in an economy can indicate average productivity or average living standards. GDP per capita can be stated in nominal, real (inflation-adjusted), orpurchasing power parity (PPP)terms...
where i denotes country i; t denotes time (annual data is used); GDPi,t is per capita GDP of country i at time t in PPP (in constant 2017 USD); POPi,t is the population of country i at time t; LABORi,t is the labour participation rate (ILO data) in country i at time t; ...
The largest employerin Lithuania is the MAXIMA group that owns a chain of retail shops well visible in Lithuania as well as Latvia, Estonia, and Bulgaria. This is the largest company in Lithuania and its owner Nerijus Numavičius is the country‘s richest person. Just like many Lithuanian ...
PPI is the abbreviated form of Producer price index where selling prices of several products are taken into consideration. Here the change in selling prices which are received by the producers on selling the products in two different periods are taken into consi...
In the next section, we consider whether we should use a parsimonious set of indicators to form our principal component. 5. Relative performances of individual and combinations of activity indicators 5.1. Activity indicator selection Given the superior performance of estimates fitted over our full ...