A Proposal for Assessing the Economic Welfare Of Romania
Over the last two decades many economists, sociologists and other researchers expressed their views concerning the importance of using economic welfare as an instrument for socio-economic policies instead of relying only on economic growth. This paper aims to present on one hand the weaknesses of th...
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| Format: | Article |
| Language: | English |
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Romanian National Institute of Statistics
2014-09-01
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| Series: | Revista Română de Statistică |
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| Online Access: | http://www.revistadestatistica.ro/wp-content/uploads/2014/10/RRS_03_2014_A2.pdf |
| _version_ | 1818510869001142272 |
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| author | Raluca-Maria BĂLĂ |
| author_facet | Raluca-Maria BĂLĂ |
| author_sort | Raluca-Maria BĂLĂ |
| collection | DOAJ |
| description | Over the last two decades many economists, sociologists and other researchers expressed their views concerning the importance of using economic welfare as an instrument for socio-economic policies instead of relying only on economic growth. This paper aims to present on one hand the weaknesses of the most important macroeconomic aggregate, GDP, in the characterization of the economic welfare of citizens and on the other hand intends to provide some evidence for the theoretical criticism made to GDP, with reference to the case of Romania, taking into account three essential components in quantifying the sustainable economic welfare of the citizens in a country: the social, economic and environmental part. Thus, it is proposed an index more appropriate than GDP in measuring economic welfare for Romania and it is compared their evolution on the last twenty years. |
| first_indexed | 2024-12-10T23:25:59Z |
| format | Article |
| id | doaj.art-304e8b2d779d46299a0e5be8dcedcf57 |
| institution | Directory Open Access Journal |
| issn | 1018-046X 1844-7694 |
| language | English |
| last_indexed | 2024-12-10T23:25:59Z |
| publishDate | 2014-09-01 |
| publisher | Romanian National Institute of Statistics |
| record_format | Article |
| series | Revista Română de Statistică |
| spelling | doaj.art-304e8b2d779d46299a0e5be8dcedcf572022-12-22T01:29:35ZengRomanian National Institute of StatisticsRevista Română de Statistică1018-046X1844-76942014-09-016231130A Proposal for Assessing the Economic Welfare Of RomaniaRaluca-Maria BĂLĂ0The Bucharest University of Economic Studies, RomaniaOver the last two decades many economists, sociologists and other researchers expressed their views concerning the importance of using economic welfare as an instrument for socio-economic policies instead of relying only on economic growth. This paper aims to present on one hand the weaknesses of the most important macroeconomic aggregate, GDP, in the characterization of the economic welfare of citizens and on the other hand intends to provide some evidence for the theoretical criticism made to GDP, with reference to the case of Romania, taking into account three essential components in quantifying the sustainable economic welfare of the citizens in a country: the social, economic and environmental part. Thus, it is proposed an index more appropriate than GDP in measuring economic welfare for Romania and it is compared their evolution on the last twenty years.http://www.revistadestatistica.ro/wp-content/uploads/2014/10/RRS_03_2014_A2.pdfeconomic welfareGDPprivate consumptionsustainability |
| spellingShingle | Raluca-Maria BĂLĂ A Proposal for Assessing the Economic Welfare Of Romania Revista Română de Statistică economic welfare GDP private consumption sustainability |
| title | A Proposal for Assessing the Economic Welfare Of Romania |
| title_full | A Proposal for Assessing the Economic Welfare Of Romania |
| title_fullStr | A Proposal for Assessing the Economic Welfare Of Romania |
| title_full_unstemmed | A Proposal for Assessing the Economic Welfare Of Romania |
| title_short | A Proposal for Assessing the Economic Welfare Of Romania |
| title_sort | proposal for assessing the economic welfare of romania |
| topic | economic welfare GDP private consumption sustainability |
| url | http://www.revistadestatistica.ro/wp-content/uploads/2014/10/RRS_03_2014_A2.pdf |
| work_keys_str_mv | AT ralucamariabala aproposalforassessingtheeconomicwelfareofromania AT ralucamariabala proposalforassessingtheeconomicwelfareofromania |