Hurnyak, Ihor; Struk, Nataliya; Kordonska, Aleksandra - In: Comparative economic research : Central and Eastern Europe 24 (2021) 4, pp. 137-152
The production, or value added, approach to GDP involves calculating an industry or sector's output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It...
