• Login
    View Item 
    •   IIMA Institutional Repository Home
    • Conference Proceedings
    • 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence
    • View Item
    •   IIMA Institutional Repository Home
    • Conference Proceedings
    • 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Deriving Constant UGDP Using Econometric Models and Calculating Real GDP Using Valuation of Key Natural Resources

    Thumbnail
    View/Open
    IC 15-136.pdf (208.3Kb)
    Date
    2015
    Author
    Gajbiye, Ravikumar
    Laghate, Kavita
    Metadata
    Show full item record
    Abstract
    Wealth Creation is the primary motive for Business, but Unequal Wealth Distribution causes unbalanced economic growth. Economic disequilibrium is a global phenomenon arising out of cyclic nature of Business at macroeconomic level. Shifting dynamics and dormant statics need to be stabilized to a state of macro-constancy to ensure uniform growth. Macro-Constancy of economy, based on the Law of Conservation of Energy, realigns business processes to Energy dimensions. The authors propose the concept of Universal Gross Domestic Product (UGDP) as a measure to counter business cycles for a stable world economy. The robustness of an economy through interdependence of its various productive sectors is demonstrated by an example using Input-Output analysis and Leontifs’s Principle. Natural Resources are the raison d'etre for business; the real wealth of nations. Yet, nations underplay their significance in reporting economic growth. The authors propose to engineer optimization strategies aimed at intelligent utilization of natural resources using regression analysis techniques. India should lead the economic development of nations by adopting an active role as universal ombudsman under the Triple Helix concept, in controlling, monitoring and regulating the fast depleting stock of the natural resources of the world.
    URI
    http://hdl.handle.net/11718/14072
    Collections
    • 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence [70]

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV
     

     

    Browse

    All of IIMA Institutional RepositoryCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    Login

    Statistics

    View Usage Statistics

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV