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Gross Domestic Product – National Income of Romania 1862 – 2010. Secular statistical series and methodological foundations


  • Axenciuc, Victor
  • Georgescu, George


Starting from the importance and need to investigate one of the most relevant issues regarding the structure and dynamics of the economic and social development of all countries in the world, the book focuses on Romania, from the perspective of certain synthetic indicators, aggregated at macroeconomic level, i.e. the Gross Domestic Product and the National Income, on long data series over the past 150 years, also taking into account the comparative international context, in terms of purchasing power parity. The Part One contains a synthesis, developed and completed, of GDP data for each year of the period 1862 – 2010 and also indicators resulting from the GDP, as Net Domestic Product, Net National Product and National Income. The historical research has adopted and applied, with maximum attention, criteria that substantiated the calculations, through rigorous techniques and methods of data aggregation, in order to remove certain errors that would lead to distorted results, focusing on the accuracy of evaluations, so that they would express, in the most genuine manner, the real dimension of the statistical indicators, allowing for a correct interpretation of the economic phenomena. The operations for compiling the indicators are accompanied by comments regarding the criteria and calculation methods, as well as by methodological explanations, so that the data would be able to be rebuilt in a better format, by the interested authors, should they have a more reliable and relevant statistical information about Romania. The Part Two of the book focuses on the international literature, dedicated to criticisms theoretical and methodological opinions regarding the GDP, as well as a comparative analysis of the GDP evolution in Romania, in various hypotheses, compared to other countries.

Suggested Citation

  • Axenciuc, Victor & Georgescu, George, 2017. "Gross Domestic Product – National Income of Romania 1862 – 2010. Secular statistical series and methodological foundations," MPRA Paper 84614, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:84614

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    References listed on IDEAS

    1. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    2. World Bank, 2011. "World Bank for Results 2011," World Bank Publications - Books, The World Bank Group, number 15792, December.
    3. Georgescu, George, 2016. "The world trade data distortion and its contagious impact. A brief comment on the WTO “Made in the World” initiative," MPRA Paper 69483, University Library of Munich, Germany.
    4. repec:dgr:rugggd:no.1 is not listed on IDEAS
    5. The Conference on Research in Income and Wealth, 1957. "Problems in the International Comparison of Economic Accounts," NBER Books, National Bureau of Economic Research, Inc, number unkn57-2, July.
    6. Asian Development Bank (ADB), 2014. "Purchasing Power Parities and Real Expenditures," ADB Reports RPT146710-2, Asian Development Bank (ADB), revised 19 Aug 2014.
    7. Zaman, Gheorghe & Georgescu, George, 2011. "Sovereign risk and debt sustainability: warning levels for Romania," MPRA Paper 32924, University Library of Munich, Germany.
    8. Ark, Bart van, "undated". "International comparisons of output and productivity: manufacturing productivity performance of ten countries from 1950 to 1990," GGDC Research Memorandum No.1, Groningen Growth and Development Centre, University of Groningen.
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    Cited by:

    1. Zaman, Gheorghe & Georgescu, George, 2018. "Evoluția capitalului în România în secolul 1918-2018 de la Marea Unire la tranziția la economia de piață [Romania’s capital developments during 1918-2018 century from the Great Union to the market ," MPRA Paper 92316, University Library of Munich, Germany.
    2. Georgescu, George, 2017. "Paradigmele istoriei. Datoria publică a României în ultimii 100 de ani [History paradigms: the public debt of Romania in the last 100 years]," MPRA Paper 82219, University Library of Munich, Germany.
    3. Georgescu, George, 2018. "Romania's foreign debt crisis in the 1980s. Determinants and consequences," Working Papers of National Institute for Economic Research 181010, Institutul National de Cercetari Economice (INCE).
    4. Camil-George Stoenescu, 2018. "Romania during the Interwar Period: an Economic Approach," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(70), pages 80-93, December.
    5. Zaman, Gheorghe & Georgescu, George, 2018. "Studiu retrospectiv privind comerțul exterior al României în ultimii 100 de ani [A retrospective study on Romania’s external trade in the past 100 years]," MPRA Paper 89707, University Library of Munich, Germany.

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    More about this item


    System of National Accounts; International Comparison Program; wellbeing; GDP criticism; Romania.;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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