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From the Economic Growth to the Sustainable Development, the Role of Services in the Development Process

Author

Listed:
  • Maria Ioncica

    () (Academy of Economic Studies, Bucharest)

  • Eva Cristina Petrescu

    () (Academy of Economic Studies, Bucharest)

Abstract

Economic growth is an increase of the results of an economic system in a particular time and space. Economic results are synthetically described by GNP or real GDP adjusted with the deflator on the whole or per capita. Sustainable development is the kind of development that satisfies the present generations’ needs without affecting those of the generations to come. Sustainable development is an evolving concept that comprises all aspects of human activity. The methodology and indicators used to measure economic development have changed with the different approaches of the concept. The main indicators used are: Economic Growth Rate, Purchasing Power Parity, Human Development Index, and Human Poverty Index. In the context of profound changes in contemporary economy - theories and models of economic development must be adjusted to the new realities. More and more specialists find services the main incentive for economic growth.

Suggested Citation

  • Maria Ioncica & Eva Cristina Petrescu, 2005. "From the Economic Growth to the Sustainable Development, the Role of Services in the Development Process," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 7(18), pages 61-68, November.
  • Handle: RePEc:aes:amfeco:v:7:y:2005:i:18:p:61-68
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    More about this item

    Keywords

    Economic Growth; Sustainable Development; Economic Growth Rate; Human Development Index; Human Poverty Index.;

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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