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Social factors influence on economic growth. The case of Romania

Author

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  • Bogdan-Ion Boldea

    (West University of Timisoara, Romania)

Abstract

The economic sustainable development and social and cultural development are closely related to one another. The purpose of this paper is to prove that macro-statistical indicators such as GDP are not the most viable measures of sustainable development, failing to take into consideration some specific sectors of the economy, such as the black market, grey economy, or education and healthcare indicators, as Human Development Index. Within the paper, these last factors are divided into cultural and demographic factors capable to provide economic growth. Secondly, the paper reveals the social and economic context in Romania, in comparison with other European countries, in order to identify the main differences between those countries and the source of problems related to the Romanian economy.

Suggested Citation

  • Bogdan-Ion Boldea, 2012. "Social factors influence on economic growth. The case of Romania," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 4(2), pages 25-31, Decembre.
    • Handle: RePEc:rse:wpaper:v:4:y:2012:i:2:p:25-31
    as

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    References listed on IDEAS

    as
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    3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    4. David E. Bloom & David Canning & Jaypee Sevilla, 2001. "Economic Growth and the Demographic Transition," NBER Working Papers 8685, National Bureau of Economic Research, Inc.
    5. Paola Giuliano, 2004. "On the determinants of living arrangements in Western Europe: Does Cultural Origin Matter?," Econometric Society 2004 North American Summer Meetings 68, Econometric Society.
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    More about this item

    Keywords

    sustainable development; demographic and cultural indicators; GDP; HDI;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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