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A Secular Indicator of the Degree of Economic Development and Synthetic Evaluation of Population Well-Being Trends

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  • Gheorghe Savoiu

    (University of Pitesti)

Abstract

The specifically multidisciplinary approach employed in the present paper is motivated by the validity of Engel’s sociological laws, the usefulness of the elasticity of the population’s food products demand according to income, the statistical association between the contraction of the share of expenditures for these goods and the expansion of economy development, and the consistent assessment of the trends in population well-being, in keeping with the research of family budgets, focusing on the case of Romania in the last century. The introduction is devoted to the statistical, economic and sociological tools for assessing economic development and the trends in well-being. The first section describes the weighting coefficients in the universe of interpret indexes, and the second presents the methodology relating to a secular instrument of assessing the degree of economic development and the synthetic evaluation of the trends of well-being in Romania, in parallel to a number of maximum and minimum (European and international) trends. The results presented, and the discussion caused by the statistical confrontation of that statistical, economic and sociological information, embrace, with the conclusions, the attempt made by the whole of the paper, to round up, by means of this tool, a necessary set of secular or Schumpeterian indicators, harmonized and comparable, of the GDP/capita type, or such as cost of life index, consumer price index, public and external debt, etc.; such already constructed indicators contribute to delineating the historical and macro-behavioural specificity of such an economy in Eastern Europe as that of Romania.

Suggested Citation

  • Gheorghe Savoiu, 2015. "A Secular Indicator of the Degree of Economic Development and Synthetic Evaluation of Population Well-Being Trends," Romanian Statistical Review, Romanian Statistical Review, vol. 63(4), pages 3-16, December.
    • Handle: RePEc:rsr:journl:v:63:y:2015:i:4:p:3-16
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    References listed on IDEAS

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    1. W. Erwin Diewert, 2002. "Harmonized Indexes of Consumer Prices: Their Conceptual Foundations," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(IV), pages 547-637, December.
    2. repec:pts:wpaper:c1 is not listed on IDEAS
    3. Putnam, Judy & Allshouse, Jane & Kantor, Linda Scott, 2002. "U.S. Per Capita Food Supply Trends: More Calories, Refined Carbohydrates, and Fats," Food Review/ National Food Review, United States Department of Agriculture, Economic Research Service, vol. 25(3), pages 1-14.
    4. Mr. James P Walsh, 2011. "Reconsidering the Role of Food Prices in Inflation," IMF Working Papers 2011/071, International Monetary Fund.
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