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What is Romania’s Wealth? The Foundation of a National Wealth Evaluation Econometric Model

Author

Listed:
  • Zaman, Gheorghe

    (Institute of National Economy)

  • Dumitrascu, Roxana Arabela

    ("Petre Andrei" University of Iasi.)

  • Dumitrascu, Vadim

    ("Petre Andrei" University of Iasi.)

Abstract

The importance of knowing the country’s national wealth level and structure is determined by the fact that these factors condition the sense and content of the development of a country on short, medium and long term. A study of the World Bank made in 2006 proves that the sustainable development is generated by a wealth structure in which the dominant role is that of the intangible capital, of the anthropic capital and of the natural capital having rather facilitating functions. This study also presents the situation of Romania’s wealth. In 2000, the national wealth of our country was characterized by a non-competitive structure and a low sustainable development generation potential. The current study aims at updating the econometric model (until 2009) of Romania’s national wealth estimation presented by the World Bank in its 2006 report.

Suggested Citation

  • Zaman, Gheorghe & Dumitrascu, Roxana Arabela & Dumitrascu, Vadim, 2012. "What is Romania’s Wealth? The Foundation of a National Wealth Evaluation Econometric Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 80-96, September.
    • Handle: RePEc:rjr:romjef:v::y:2012:i:3:p:80-96
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    File URL: http://www.ipe.ro/rjef/rjef3_12/rjef3_2012p80-96.pdf
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    References listed on IDEAS

    as
    1. Chris Shearlock & Phillip James & Jo Phillips, 2000. "Regional sustainable development: are the new regional development agencies armed with the information they require?," Sustainable Development, John Wiley & Sons, Ltd., vol. 8(2), pages 79-88.
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    Cited by:

    1. Roxana Arabela Dumitrascu & Vadim Dumitrascu, 2013. "The Role of the Intangible Capital in Romania’s Recent Historical – Economic Evolutions," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 81-84, December.

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    More about this item

    Keywords

    anthropic capital; natural capital; intangible capital; sustainable development; capitalization;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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