IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i11p4340-d1398804.html
   My bibliography  Save this article

Assessing Economic Development and Quality of Life: A Management Perspective on Romania and the Republic of Moldova

Author

Listed:
  • Gina Ioan

    (Department of Applied Science, “Lower Danube” University, 800008 Galati, Romania)

  • Ionel Sergiu Pirju

    (Faculty of Communications and International Relations, Danubius University of Galati, 800654 Galati, Romania)

  • Manuela Carmen Panaitescu

    (Faculty of Economic Sciences and Business Administration, Danubius University of Galati, 800654 Galati, Romania)

  • Tincuța Vrabie

    (Department of History, Philosophy, Sociology and International Relations, “Lower Danube” University, 800008 Galati, Romania)

Abstract

This article presents a comparative analysis focusing on the economic dimensions of quality of life and explores the factors influencing economic growth and well-being between two countries located in Eastern Europe: Romania—an EU member state since 2007, and Moldova—an EU candidate status since June 2022. By examining statistical data, we assess the relationship between economic growth and development, aiming to discern patterns and dynamics within these countries’ economies. Through this comparative approach, we aim to elucidate how economic factors contribute to societal welfare and living standards. The study underscores the significance of economic management policies and structural reforms in fostering growth and enhancing the quality of life for citizens. By focusing on the economic landscapes of Romania and Moldova, we aim to offer insights into the challenges and opportunities faced by transitioning economies in Eastern Europe, shedding light on strategies for sustainable development and improved well-being.

Suggested Citation

  • Gina Ioan & Ionel Sergiu Pirju & Manuela Carmen Panaitescu & Tincuța Vrabie, 2024. "Assessing Economic Development and Quality of Life: A Management Perspective on Romania and the Republic of Moldova," Sustainability, MDPI, vol. 16(11), pages 1-17, May.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:11:p:4340-:d:1398804
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/11/4340/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/11/4340/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Milad Karimi & John Brazier, 2016. "Health, Health-Related Quality of Life, and Quality of Life: What is the Difference?," PharmacoEconomics, Springer, vol. 34(7), pages 645-649, July.
    2. Costanza, Robert & Fisher, Brendan & Ali, Saleem & Beer, Caroline & Bond, Lynne & Boumans, Roelof & Danigelis, Nicholas L. & Dickinson, Jennifer & Elliott, Carolyn & Farley, Joshua & Gayer, Diane Elli, 2007. "Quality of life: An approach integrating opportunities, human needs, and subjective well-being," Ecological Economics, Elsevier, vol. 61(2-3), pages 267-276, March.
    3. Su, Weihua & Chen, Sibo & Zhang, Chonghui & Li, Kevin W., 2023. "A subgroup dominance-based benefit of the doubt method for addressing rank reversals: A case study of the human development index in Europe," European Journal of Operational Research, Elsevier, vol. 307(3), pages 1299-1317.
    4. Silvia Marcu, 2011. "Opening the Mind, Challenging the Space: Cross-border Cooperation between Romania and Moldova," International Planning Studies, Taylor & Francis Journals, vol. 16(2), pages 109-130.
    5. Max-Neef, Manfred, 1995. "Economic growth and quality of life: a threshold hypothesis," Ecological Economics, Elsevier, vol. 15(2), pages 115-118, November.
    6. Wang, Qiang & Wang, Lili, 2020. "Renewable energy consumption and economic growth in OECD countries: A nonlinear panel data analysis," Energy, Elsevier, vol. 207(C).
    7. Virginia Paloma & Marta Escobar-Ballesta & Blanca Galván-Vega & Juan Diego Díaz-Bautista & Isabel Benítez, 2021. "Determinants of Life Satisfaction of Economic Migrants Coming from Developing Countries to Countries with Very High Human Development: a Systematic Review," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(1), pages 435-455, February.
    8. Kexin Meng & Jing Jian Xiao, 2023. "Digital finance and happiness: evidence from China," Information Technology for Development, Taylor & Francis Journals, vol. 29(1), pages 151-169, January.
    9. Eiji Yamamura, 2011. "The Influence of Government Size on Economic Growth and Life Satisfaction," Japanese Economy, Taylor & Francis Journals, vol. 38(4), pages 28-64.
    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. Marc Audi & Amjad Ali, 2023. "The Role of Environmental Conditions and Purchasing Power Parity in Determining Quality of Life among Big Asian Cities," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 292-305, May.
    2. Le Grande, M. & Ski, C.F. & Thompson, D.R. & Scuffham, P. & Kularatna, S. & Jackson, A.C. & Brown, A., 2017. "Social and emotional wellbeing assessment instruments for use with Indigenous Australians: A critical review," Social Science & Medicine, Elsevier, vol. 187(C), pages 164-173.
    3. Francisco Zorondo-Rodríguez & Mar Grau-Satorras & Jenu Kalla & Katie Demps & Erik Gómez-Baggethun & Claude García & Victoria Reyes-García, 2016. "Contribution of Natural and Economic Capital to Subjective Well-Being: Empirical Evidence from a Small-Scale Society in Kodagu (Karnataka), India," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 919-937, June.
    4. Mirko Armiento, 2016. "The Sustainable Welfare Index for Italy, 1960-2013," Working Papers 1601, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    5. Kalimeris, Panos & Bithas, Kostas & Richardson, Clive & Nijkamp, Peter, 2020. "Hidden linkages between resources and economy: A “Beyond-GDP” approach using alternative welfare indicators," Ecological Economics, Elsevier, vol. 169(C).
    6. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    7. Savatore Puglisi & Ionuț Virgil Șerban, 2019. "Beyond Gdp: Which Options To Better Represent Modern Socio-Economic Progress?," Sociology and Social Work Review, International Society for projects in Education and Research, vol. 3(1), pages 17-32, June.
    8. Anna Kovacs-Györi & Pablo Cabrera-Barona & Bernd Resch & Michael Mehaffy & Thomas Blaschke, 2019. "Assessing and Representing Livability through the Analysis of Residential Preference," Sustainability, MDPI, vol. 11(18), pages 1-23, September.
    9. Yu-Chuan Chen & Yung-Ho Chiu & Tzu-Han Chang & Tai-Yu Lin, 2023. "Sustainable Development, Government Efficiency, and People’s Happiness," Journal of Happiness Studies, Springer, vol. 24(4), pages 1549-1578, April.
    10. Rothman, Dale S., 1998. "Environmental Kuznets curves--real progress or passing the buck?: A case for consumption-based approaches," Ecological Economics, Elsevier, vol. 25(2), pages 177-194, May.
    11. Octavio Pano & Carmen Sayón-Orea & Alfredo Gea & Maira Bes-Rastrollo & Miguel Ángel Martínez-González & J. Alfredo Martínez, 2020. "Nutritional Determinants of Quality of Life in a Mediterranean Cohort: The SUN Study," IJERPH, MDPI, vol. 17(11), pages 1-17, May.
    12. repec:prg:jnlpep:v:preprint:id:658:p:1-18 is not listed on IDEAS
    13. Alcott, Blake, 2008. "The sufficiency strategy: Would rich-world frugality lower environmental impact," Ecological Economics, Elsevier, vol. 64(4), pages 770-786, February.
    14. Drakopoulos, Stavros, 2011. "Hierarchical Needs, Income Comparisons and Happiness Levels," MPRA Paper 48343, University Library of Munich, Germany.
    15. Lawn, Philip & Clarke, Matthew, 2010. "The end of economic growth? A contracting threshold hypothesis," Ecological Economics, Elsevier, vol. 69(11), pages 2213-2223, September.
    16. Suparb Aree‐Ue & Usa Kongsombun & Inthira Roopsawang & Phichpraorn Youngcharoen, 2019. "Path model of factors influencing health‐related quality of life among older people with knee osteoarthritis," Nursing & Health Sciences, John Wiley & Sons, vol. 21(3), pages 345-351, September.
    17. Fu, Shuke & Ge, Yingchen & Hao, Yu & Peng, Jiachao & Tian, Jiali, 2024. "Energy supply chain efficiency in the digital era: Evidence from China's listed companies," Energy Economics, Elsevier, vol. 134(C).
    18. Robert Skikiewicz & Krzysztof Blonski, 2018. "Economic Sentiment Level versus the Quality of Life in European Union Member States," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(4), pages 379-396.
    19. Schepelmann, Philipp & Goossens, Yanne & Makipaa, Arttu (ed.), 2009. "Towards sustainable development: Alternatives to GDP for measuring progress," Wuppertal Spezial, Wuppertal Institute for Climate, Environment and Energy, volume 42, number 42.
    20. Emmerling, Johannes & Kornek, Ulrike & Zuber, Stéphane, 2024. "Multidimensional welfare indices and the IPCC 6th Assessment Report scenarios," Ecological Economics, Elsevier, vol. 220(C).
    21. Dietz, Simon & Neumayer, Eric, 2007. "Weak and strong sustainability in the SEEA: Concepts and measurement," Ecological Economics, Elsevier, vol. 61(4), pages 617-626, March.

    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:gam:jsusta:v:16:y:2024:i:11:p:4340-:d:1398804. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.