Social factors influence on economic growth. The case of Romania
The economic sustainable development and social and cultural development are closely related to one another. The purpose of this paper is to prove that macro-statistical indicators such as GDP are not the most viable measures of sustainable development, failing to take into consideration some specific sectors of the economy, such as the black market, grey economy, or education and healthcare indicators, as Human Development Index. Within the paper, these last factors are divided into cultural and demographic factors capable to provide economic growth. Secondly, the paper reveals the social and economic context in Romania, in comparison with other European countries, in order to identify the main differences between those countries and the source of problems related to the Romanian economy.
Volume (Year): 4 (2012)
Issue (Month): 2 (Decembre)
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- Angus Deaton & Christina Paxson, 1997. "The effects of economic and population growth on national saving and inequality," Demography, Springer;Population Association of America (PAA), vol. 34(1), pages 97-114, February.
- Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
- Paola Giuliano, 2004. "On the determinants of living arrangements in Western Europe: Does Cultural Origin Matter?," Econometric Society 2004 North American Summer Meetings 68, Econometric Society.
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