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Approaches On Measuring Sustainable Development In Contemporary World – Beyond Classical Indicators

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  • ALECU ALEXANDRA

    (PETROLEUM-GAS UNIVERSITY OF PLOIESTI, FACULTY OF ECONOMIC SCIENCES, ROMANIA)

  • DUSMANESCU DOREL

    (PETROLEUM-GAS UNIVERSITY OF PLOIESTI, FACULTY OF ECONOMIC SCIENCES, ROMANIA)

Abstract

Measurement of sustainable development in the contemporary world represents a topic of wide approach in the context of transformations which global economic environment has experienced over the last half-century. The necessity of identification of new indicators that provide a more faithful image of economic life has imposed the construction of new indicators for measuring. In this context, the central objective of the paper is to achieve a synthesis of some of these indicators, analysing their evolution in the context of existing economic realities but also highlighting further correlations, limitations and disputes to which they are subjected to lately. Thus in this paper are presented and analyzed, considering the arguments above, a series of indicators such as the ecological footprint, biocapacity, happy planet index or other segnificant indicators. Another objective of the paper is also the identification of possible solutions for the application of these indicators in the foundation for sustainable economic policies in the context of global economic transformations.

Suggested Citation

  • Alecu Alexandra & Dusmanescu Dorel, 2016. "Approaches On Measuring Sustainable Development In Contemporary World – Beyond Classical Indicators," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 40-48, June.
    • Handle: RePEc:cbu:jrnlec:y:2016:v:3:p:40-48
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    References listed on IDEAS

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    1. Marco Giesselmann & Richard Hilmer & Nico A. Siegel & Gert G. Wagner, 2013. "Measuring Well-Being: W3 Indicators to Complement GDP," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 3(5), pages 10-19.
    2. Alkire, Sabina, 2002. "Dimensions of Human Development," World Development, Elsevier, vol. 30(2), pages 181-205, February.
    3. Decancq, Koen & Decoster, André & Schokkaert, Erik, 2009. "The Evolution of World Inequality in Well-being," World Development, Elsevier, vol. 37(1), pages 11-25, January.
    4. Gheorghe Zaman & Valentina Vasile & Mirela Matei & Carmen Croitoru & George Enescu, 2011. "Aspecte ale impactului ISD din România asupra exporturilor si dezvoltarii durabile," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(bis)(42), pages 130-190, December.
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    1. Gheorghe H. Popescu & Violeta Sima & Elvira Nica & Ileana Georgiana Gheorghe, 2017. "Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy," Sustainability, MDPI, vol. 9(7), pages 1-26, July.

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