1Preliminary draft: Different measures of economic growth lead to different conclusions? (original) (raw)
When regional growth studies are conducted, a common measure of economic growth is the wage sum. One reason for this may be the limited access to GDP (Gross Domestic Product) data on regional level. However, in Sweden there exists GDP data on municipal level, which enables studies where the effects of using GDP data or wage data can be compared. The aim of the present study is to investigate the difference the use of the measures GMP (Gross Municipal Growth) and the sum of wages has on growth models. Since the two measures are similar but not identical the choice of measure of growth can influence the conclusions of an investigation. This might lead to contradictory results on for instance how the accessibilty to university research influences the economic growth (Andersson, Gråsjö & Karlsson 2007, 2008). Preliminary results indicate high positive correlations between changes in GMP and wage sum on municipal level. However, when data on GMP per capita and wage sum per capita are use...
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