Impact of Globalization on Macroeconomic Statistics

Thesis title: Impact of Globalization on Macroeconomic Statistics
Author: -, Fahad Fayaz
Thesis type: Diploma thesis
Supervisor: Musil, Petr
Opponents: Fischer, Jakub
Thesis language: English
Abstract:
This thesis critically assesses whether traditional economic measures such as GDP are still relevant to their users in today’s fast-evolving economic environment. It explicitly aims to understand it within the context of globalization’s significant impact on macroeconomic indicators. In other words, we need to know whether macroeconomic indicators are relevant globally; if not, what should we do as statisticians to stay relevant? Furthermore, this study addresses how updates to the System of National Accounts (SNA) affect the operations and output produced by statistical offices. An innovative aspect of this thesis is also to propose methodological improvements in existing macroeconomic measurements to better reflect the realities of today’s interconnected world. Lastly, the thesis uses cluster analysis to evaluate the effects of globalization on different countries. Specifically, it identifies which OECD countries are substantially affected by globalization and which are less affected. Similarly, it examines non-OECD countries to determine those substantially impacted by globalization and those less affected by globalization.
Keywords: GDP; Globalization; Compiling Method; Macroeconomic Indicators; Statisticians; System of National Accounts; Statistical Offices; Methodological Improvements; OECD Countries; Non-OECD Countries; Cluster Analysis
Thesis title: Impact of Globalization on Macroeconomic Statistics
Author: -, Fahad Fayaz
Thesis type: Diplomová práce
Supervisor: Musil, Petr
Opponents: Fischer, Jakub
Thesis language: English
Abstract:
This thesis critically assesses whether traditional economic measures such as GDP are still relevant to their users in today’s fast-evolving economic environment. It explicitly aims to understand it within the context of globalization’s significant impact on macroeconomic indicators. In other words, we need to know whether macroeconomic indicators are relevant globally; if not, what should we do as statisticians to stay relevant? Furthermore, this study addresses how updates to the System of National Accounts (SNA) affect the operations and output produced by statistical offices. An innovative aspect of this thesis is also to propose methodological improvements in existing macroeconomic measurements to better reflect the realities of today’s interconnected world. Lastly, the thesis uses cluster analysis to evaluate the effects of globalization on different countries. Specifically, it identifies which OECD countries are substantially affected by globalization and which are less affected. Similarly, it examines non-OECD countries to determine those substantially impacted by globalization and those less affected by globalization.
Keywords: Cluster Analysis; GDP; Globalization; Compiling Method; Macroeconomic Indicators; Statisticians; System of National Accounts; Statistical Offices; Methodological Improvements; OECD Countries; Non-OECD Countries

Information about study

Study programme: Economic Data Analysis/Official Statistics
Type of study programme: Magisterský studijní program
Assigned degree: Ing.
Institutions assigning academic degree: Vysoká škola ekonomická v Praze
Faculty: Faculty of Informatics and Statistics
Department: Department of Economic Statistics

Information on submission and defense

Date of assignment: 21. 3. 2024
Date of submission: 26. 6. 2024
Date of defense: 21. 8. 2024
Identifier in the InSIS system: https://insis.vse.cz/zp/88104/podrobnosti

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