Page &
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FRIDAY, JULY 3, 1992
AND AT
REQUIREMENTS
SYSTEM PRIVATE
THE FEASIBILITY STUDY WILL IDENTIFY SPECIFIC DATA WILL EXAMINE WAYS TO ESTABLISH THE SUPPORTING STATISTICAL MINIMUM COST AND TO MINIMISE THE REPORTING BURDEN OF THE
SECTOR.
A SPOKESMAN FOR THE DEPARTMENT SAID THE EXISTING GROSS DOMESTIC PRODUCT (GDP) ESTIMATES WOULD CONTINUE TO BE COMPILED AND PUBLISHED, AND WOULD REMAIN ONE OF THE MOST IMPORTANT ECONOMIC HONG KONG.
INDICATORS FOR
THE FORMER TERRITORIAL
THE BASIC DIFFERENCE BETWEEN GDP AND GNP IS THAT REFERS TO THE TOTAL VALUE OF NET OUTPUT PRODUCED WITHIN A BOUNDARY, WHILE THE LATTER RELATES TO AGGREGATE INCOME OF RESIDENTS OF THE TERRITORY.
VALUE
FOR HONG KONG, GDP IS AN AGGREGATE MEASURE OF THE TOTAL OF NET OUTPUT PRODUCED WITHIN THE BOUNDARY OF HONG KONG IN A SPECIFIED BY RESOURCES PERIOD, IRRESPECTIVE OF WHETHER THE OUTPUT IS PRODUCED OWNED BY HONG KONG RESIDENTS OR BY NON-RESIDENTS.
SPECIFIED WITHIN THE DOMESTIC
GNP IS AN AGGREGATE MEASURE OF THE TOTAL INCOME IN A PERIOD
TO HONG KONG RESIDENTS BOTH ATTRIBUTED ECONOMY AND OUTSIDE.
STIPULATED IN THE BOTH GDP AND GNP ARE. ECONOMIC INDICATORS
UNITED NATIONS. THEY ARE OF "SYSTEM
NATIONAL ACCOUNTS" COMPILED AND PUBLISHED BY MOST ECONOMIES IN THE WORLD.
OF
OF THE
ACCORDING TO INTERNATIONAL STATISTICAL STANDARDS, THE CONCEPT REFERS TO THOSE WHO "RESIDENTS", IN THE CASE OF INDIVIDUALS,
REFERENCE TO NORMALLY RESIDE IN THE ECONOMY CONCERNED, AND MAKES NO THE NATIONALITIES OF THE INDIVIDUALS.
AS REGARDS COMPANIES, IT REFERS TO THOSE THAT OPERATE THERE ON A REGULAR BASIS.
THE SPOKESMAN SAID MOST ECONOMIES IN THE PUBLISH BOTH GDP AND GNP FIGURES.
BUSINESS
WORLD COMPILE AND
TERRITORIAL ECONOMIC INVESTMENT IN ANALYSING
THE
SINCE GDP RELATES MORE CLOSELY TO OTHER INDICATORS LIKE EMPLOYMENT, OUTPUT, PRODUCTIVITY, AND FOR IS MORE MACHINERY PRODUCTION ACTIVITIES OF THE TERRITORY.
AND EQUIPMENT,
IT
RELEVANT
IS
GNP IS MORE CLOSELY RELATED TO THE INCOME OF RESIDENTS, AND
SOURCES THEREFORE MORE SUITABLE FOR ECONOMIC ANALYSIS RELATING TO THE
CAUSES AND USES OF INCOME, SUCH AS PROPENSITY TO CONSUME, UNDERLYING OF INFLATION, AND INVESTMENT INTENTIONS.
KONG IN FOREIGN SINCE THE INFLOW AND
SINCE THERE IS INCREASING OUTWARD INVESTMENT OF HONG
ANT) YEARS, IN AND
RECENT CHINA
OTHER COUNTRIES INVESTMENT IN HONG KONG IS ALSO STEADILY EXPANDING, OUTFLOW OF INVESTMENT INCOME INTO AND OUT OF HONG KONG CAN BE EXPECTED TO HAVE AN INCREASING IMPACT ON THE HONG KONG ECONOMY.
/MANY ECONOMIC