MTFP = Global markets and global 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:
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
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.
