“GDP-GNP Gap Trade-Off: Is it Significant for Economic Performance? Review of World Economies Having Both Gaps”

Jannatul Ferdous Bristy, Tarun Kanti Bose

Abstract


This study directed toward identifying the comparative economic performance of countries having GDP>GNP Gap and GNP>GDP Gap. A total of 32 countries with GDP>GNP Gap and 24 countries with GNP>GDP Gap were identified and analyzed using twelve important economic indicators. The result shows that Countries with GDP>GNP Gap are doing comparatively well in employment, export, foreign reserve, GDP, import, per capita income, savings and trade investment. Countries with GNP>GDP Gap are leading in inflation and exchange rate. Although Countries with GDP>GNP Gap are leading the race but this study concludes that economic development can be ensured and sustained with these two types of gaps.

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DOI: https://doi.org/10.5296/ijafr.v7i1.10735

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