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The Role of the Intangible Capital in Romania’s Recent Historical – Economic Evolutions

Author

Listed:
  • Roxana Arabela Dumitrascu
  • Vadim Dumitrascu

    ("Dimitrie Cantemir" Christian University)

Abstract

The intangible capital represents the knowledge incorporated in the processes of the creation of the economic value. The function of the intangible resources consists in sustaining the long-term growth by assuring some increasing efficiencies of the entire capital. The comparison of the growing rhythms of the intangible capital and of the tangible capital offers a conclusive image regarding the development profile for which a country opted. The dimension of the intangible capital’s impact on the economic development can be measured by comparison with the aid of the calculations and of the analyses of the developmental orientation indicator. The stimulation of the intangible capital’s accumulation constitutes one of the most important modalities of alimentation of the intensive economic growth.

Suggested Citation

  • 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.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:4:p:81-84
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    References listed on IDEAS

    as
    1. 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.
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      More about this item

      Keywords

      Intangible capital; tangible capital; developmental orientation; productivity;
      All these keywords.

      JEL classification:

      • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
      • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
      • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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