GCI 2016: A new initiative and approach
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HUAWEI: Global Connectivity Index GCI 2016 Report
NIC on the week: Next update 12:00 CET 24/05/2016.
Stay tuned!
Any questions? Mail a NIC team member or mail your question to: nic research.
NOTE:
Till official release and publication of NIC 2016 Report in April (2016) we elaborate only NIC 2001-2013/14 public data based analysis and results, i.e. data available to all. Customers find latest NIC 2016 data and analysis results on login area. However: Elaborations and results presented here are tried to be in line with results you will find in the NIC 2016 Report and database.
ELSS: Three main drivers of GDP: MTFP, DTFP and NIC
ELSS:
MTFP = Global markets and global markets linked total factor productivity, TFP = Global trade and international networking.
DTFP = Domestic markets and domestic linked TFP = Domestic - private, public and third sector - consumption and lokal networking.
NIC = Human-, market-, process- and renewal- capital = People, business attractivity, infra and innovativeness.
GDP = effect of [MTFP + DTFP + (NIC)] = MTFP + DTFP + (NHC + NMC + NPC + NRC)
Where:
- NHC = National human capital
- NMC = National market capital
- NPC = National process capital
- NRC = National renewal capital
ELSS: Context for drivers
All three drivers, MTFP, DTFP and NIC, create monetary value, GDP, via cultural, social, environmental and financial capital. E.g. these are the channels through which prosperity is created.
ELSS: GDP formation / example USA 2011
NIC on the week: Next update 12:00 CET 25/05/2016.
Stay tuned!
Any questions? Mail a NIC team member or mail your question to: nic research.
NOTE:
Till official release and publication of NIC 2016 Report in April (2016) we elaborate only NIC 2001-2013/14 public data based analysis and results, i.e. data available to all. Customers find latest NIC 2016 data and analysis results on login area. However: Elaborations and results presented here are tried to be in line with results you will find in the NIC 2016 Report and database.
ELSS: Impact of NIC on GDP growth
ELSS: Three main drivers of GDP growth: MTFP, DTFP and NIC
MTFP = Global markets and global markets linked total factor productivity, TFP = Global trade and international networking.
DTFP = Domestic markets and domestic linked TFP = Domestic - private, public and third sector - consumption and lokal networking.
NIC = Human-, market-, process- and renewal- capital = People, business attractivity, infra and innovativeness.
GDP = effect of [MTFP + DTFP + NIC]
Applying this on growth accounting we get:
- GDP growth = MTFP growth + DTFP growth + NIC growth
- g(GDP) = g(MTFP) + g(DTFP) + g(NIC)
NIC GDP growth impact
Global and domestic market effects on growth fluctuate, but - interestingly so - our finding is, that NIC always as a positive growth impact on GDP.
E.g. Even if MTFP and/or DTFP growth can turn negative, NIC growth impact always remains positive.
Here example for Norway:
This has one important lesson and implication: Growth impact of NIC on GDP always helps recovery and/or sustains positive GDP growth.
GDP growth / example Denmark 2011
In 2007, just before the financial crisis, when both global and domestic market growth become 0 % for Denmark NIC yet enabled a 1.7 % GDP growth that year.
More remarkably: In 2010 and 2011 only NIC growth impact on GDP enabled fast recovery for Denmark.
Positive - always positive - growth impacts of NIC have far reaching consequences for policy makers - and researchers.
One way to put this would simply be to say: Investments in national intangible capital always give a positive return on that investment.
NIC on the week: Next update 12:00 CET 26/05/2016.
Stay tuned!
Any questions? Mail a NIC team member or mail your question to: nic research.
NOTE:
Till official release and publication of NIC 2016 Report in April (2016) we elaborate only NIC 2001-2013/14 public data based analysis and results, i.e. data available to all. Customers find latest NIC 2016 data and analysis results on login area. However: Elaborations and results presented here are tried to be in line with results you will find in the NIC 2016 Report and database.
ELSS: Impact of NIC on economic recovery from recessions
ELSS: Three main drivers of GDP growth: MTFP, DTFP and NIC
MTFP = Global markets and global markets linked total factor productivity, TFP = Global trade and international networking.
DTFP = Domestic markets and domestic linked TFP = Domestic - private, public and third sector - consumption and lokal networking.
NIC = Human-, market-, process- and renewal- capital = People, business attractivity, infra and innovativeness.
GDP = effect of [MTFP + DTFP + NIC]
Applying this on growth accounting we get:
- GDP growth = MTFP growth + DTFP growth + NIC growth
- g(GDP) = g(MTFP) + g(DTFP) + g(NIC)
NIC impact on GDP growth and economic recovery
Global and domestic market effects on growth fluctuate, but - interestingly so - our finding is, that NIC always as a positive growth impact on GDP.
E.g. Even if MTFP and/or DTFP growth can turn negative, NIC growth impact always remains positive.
Here example for Norway:
This has one important lesson and implication: Growth impact of NIC on GDP always helps recovery and/or sustains positive GDP growth.
GDP growth and economic recovery / example Denmark 2011
In 2007, just before the financial crisis, when both global and domestic market growth become 0 % for Denmark NIC yet enabled a 1.7 % GDP growth that year.
More remarkably: In 2010 and 2011 only NIC growth impact on GDP enabled fast recovery for Denmark.
Positive - always positive - growth impacts of NIC have far reaching consequences for policy makers - and researchers.
One way to put this would simply be to say: Investments in national intangible capital always give a positive return on that investment.
GDP growth and economic recovery / example Ireland 2011
NIC on the week: Next update 12:00 CET 27/05/2016.
Stay tuned!
Any questions? Mail a NIC team member or mail your question to: nic research.
NOTE:
Till official release and publication of NIC 2016 Report in April (2016) we elaborate only NIC 2001-2013/14 public data based analysis and results, i.e. data available to all. Customers find latest NIC 2016 data and analysis results on login area. However: Elaborations and results presented here are tried to be in line with results you will find in the NIC 2016 Report and database.
Fast increasing NIC impacts in Asia
NIC on the week: Next update 12:00 CET 30/05/2016.
Stay tuned!
Any questions? Mail a NIC team member or mail your question to: nic research.
NOTE:
Till official release and publication of NIC 2016 Report in April (2016) we elaborate only NIC 2001-2013/14 public data based analysis and results, i.e. data available to all. Customers find latest NIC 2016 data and analysis results on login area. However: Elaborations and results presented here are tried to be in line with results you will find in the NIC 2016 Report and database.