IDEAS home Printed from https://ideas.repec.org/a/rsr/supplm/v65y2017i10p14-24.html
   My bibliography  Save this article

Accumulated National Wealth – An Element Of Economic Development

Author

Listed:
  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies / „Artifex” University of Bucharest)

  • Madalina-Gabriela ANGHEL

    („Artifex” University of Bucharest)

  • Maria MIREA

    (Bucharest University of Economic Studies)

Abstract

National wealth is the economic potential of a country. National wealth embraces the elements and resources available to a country and on the basis of which it can organize its production activity. Of course, national wealth is a very important element because in the process of development a country needs its own and attracted resources. A country’s own resources guarantee the prospect of development at least related to the country’s needs. National wealth includes material assets in society, reserves of foreign currency and net claims on other countries, and from this point of view, adding the natural resources that will enter the economic circuit give the possibility of a real appreciation of the perspectives of evolution. In this article, the authors attempt to define the main components of national wealth, inventing the elements on which national wealth is built. To quantify the accumulated national wealth of a country, the main part of it, there are a number of indicators that give the essence of the wealth of the national economy. In this respect, fixed capital is the main component of national wealth and this is expressed by a number of indicators including the full initial value, the remaining value, the replacement value. On the basis of these quantified indicators by calculation relations, the important elements that define the accumulating part of the national wealth can be calculated on the total national economy and in the structure of the national economy.

Suggested Citation

  • Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Maria MIREA, 2017. "Accumulated National Wealth – An Element Of Economic Development," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(10), pages 14-24, October.
  • Handle: RePEc:rsr:supplm:v:65:y:2017:i:10:p:14-24
    as

    Download full text from publisher

    File URL: http://www.revistadestatistica.ro/supliment/wp-content/uploads/2017/10/rrss_10_2017_A1en.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas Farole & Andrés Rodríguez‐Pose & Michael Storper, 2011. "Cohesion Policy in the European Union: Growth, Geography, Institutions," Journal of Common Market Studies, Wiley Blackwell, vol. 49(5), pages 1089-1111, September.
    2. Constantin Anghelache & Olivia Georgiana Nita & Alexandru Badiu, 2016. "Migrants remittances – an important and stable source of external funds, in the economic development of a country," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 86-92, December.
    3. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Georgiana NITA, 2017. "Analysis Of The Influence International Trade On Economic Growth In The European Union," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 170-184, May.
    4. Constantin ANGHELACHE & Marian SFETCU & Mugurel POPOVICI & Zoica DINCA (NICOLA), 2016. "General aspects regarding the concept of economic growth," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 67-70, October.
    5. Aisen, Ari & Veiga, Francisco José, 2013. "How does political instability affect economic growth?," European Journal of Political Economy, Elsevier, vol. 29(C), pages 151-167.
    6. Peter Voigt & Pietro Moncada-Paternò-Castello, 2012. "Can Fast Growing R&D-Intensive Smes Affect the Economic Structure of the Eu Economy?: A Projection to the Year 2020," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 2(2), pages 96-128, December.
    7. Marc Fleurbaey, 2009. "Beyond GDP: The Quest for a Measure of Social Welfare," Journal of Economic Literature, American Economic Association, vol. 47(4), pages 1029-1075, December.
    8. Constantin Anghelache & Madalina – Gabriela Anghel & Alina – Georgiana Solomon, 2017. "The Effect of Migration on Labor Resources," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(3), pages 6-13, July.
    9. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Mirela PANAIT, 2017. "Main Developments and Perspectives of the European Union," Romanian Statistical Review, Romanian Statistical Review, vol. 65(2), pages 57-79, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Otilia Manta & Eglantina Hysa & Alba Kruja, 2021. "Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic," Sustainability, MDPI, vol. 13(11), pages 1-25, June.
    2. MANTA, Otilia Elena, 2022. "Financial, Economic, Digital And Environmental Inclusion In The Context Of Global Agreements," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 251-263, October.
    3. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Andreea–Ioana MARINESCU & Maria MIREA, 2017. "Analysis Of The European Union S Science And Technology Strategy," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(9), pages 17-30, September.
    4. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Radu STOICA, 2017. "Quarterly Analysis Of Gross Domestic Product Evolution - Significance Of Growth Rate," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 16-28, June.
    5. Cainelli, Giulio & Ganau, Roberto & Giunta, Anna, 2022. "Business groups, institutions, and firm performance," LSE Research Online Documents on Economics 114553, London School of Economics and Political Science, LSE Library.
    6. Madalina-Gabriela Anghel & Constantin Anghelache & Daniel Dumitrescu & Doina Burea & Radu Stoica, 2018. "Analysis of the Effect of Accessing the Community Funds for Financing Investments on Romania's Economic Growth," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 102-112, April.
    7. Daniel Albalate & Germà Bel & Ferran A. Mazaira-Font, 2020. "Ensuring Stability, Accuracy and Meaningfulness in Synthetic Control Methods: The Regularized SHAP-Distance Method," IREA Working Papers 202005, University of Barcelona, Research Institute of Applied Economics, revised Apr 2020.
    8. Oded Stark & Franz Rendl & Marcin Jakubek, 2012. "The merger of populations, the incidence of marriages, and aggregate unhappiness," Journal of Evolutionary Economics, Springer, vol. 22(2), pages 331-344, April.
    9. Hadzi-Vaskov Metodij & Pienknagura Samuel & Ricci Luca Antonio, 2023. "The Macroeconomic Impact of Social Unrest," The B.E. Journal of Macroeconomics, De Gruyter, vol. 23(2), pages 917-958, June.
    10. Zhao, Jun & Shahbaz, Muhammad & Dong, Kangyin, 2022. "How does energy poverty eradication promote green growth in China? The role of technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    11. Johannes Blum & Klaus Gründler, 2020. "Political Stability and Economic Prosperity: Are Coups Bad for Growth?," CESifo Working Paper Series 8317, CESifo.
    12. Thanh C. Nguyen & Vítor Castro & Justine Wood, 2022. "Political environment and financial crises," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 417-438, January.
    13. Shaukat, Badiea & Zhu, Qigui & Khan, M. Ijaz, 2019. "Real interest rate and economic growth: A statistical exploration for transitory economies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 534(C).
    14. Mr. Philip Barrett & Sophia Chen & Miss Mali Chivakul & Ms. Deniz O Igan, 2021. "Pricing Protest: The Response of Financial Markets to Social Unrest," IMF Working Papers 2021/079, International Monetary Fund.
    15. Tang, Chor Foon & Tan, Eu Chye, 2015. "Does tourism effectively stimulate Malaysia's economic growth?," Tourism Management, Elsevier, vol. 46(C), pages 158-163.
    16. Chandan Sharma, 2021. "Does Corruption Sand The Wheels Of Financial Sector Development? Evidence From Global Panel Data," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 1-32, December.
    17. Saakshi Jha & Sunny Bhushan & Nupur Nirola, 2024. "Is geopolitical risk always detrimental to economic growth?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-31, April.
    18. Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries," The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.
    19. Vitor Castro, 2015. "The Portuguese business cycle: chronology and duration dependence," Empirical Economics, Springer, vol. 49(1), pages 325-342, August.
    20. Vedat Yorucu & Dervis Kirikkaleli, 2021. "Nexus between Economic Stability and Political Stability in China and Japan," Economic Research Guardian, Weissberg Publishing, vol. 11(2), pages 182-193, December.

    More about this item

    Keywords

    national wealth accumulated; indicator; fixed capital; stock of materials; living standard of the population;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:supplm:v:65:y:2017:i:10:p:14-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adrian Visoiu (email available below). General contact details of provider: https://edirc.repec.org/data/stagvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.