ACCUMULATED NATIONAL WEALTH – AN ELEMENT OF ECONOMIC DEVELOPMENT

Constantin Anghelache, Madalina-Gabriela Anghel and Maria Mirea
Additional contact information
Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex” University of Bucharest
Maria Mirea: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2017, vol. 65, issue 10, 14-24

Abstract: National wealth is the economic potential of a country. National wealth embraces the elements and resources available to a country and on the basis of which it can organize its production activity. Of course, national wealth is a very important element because in the process of development a country needs its own and attracted resources. A country’s own resources guarantee the prospect of development at least related to the country’s needs. National wealth includes material assets in society, reserves of foreign currency and net claims on other countries, and from this point of view, adding the natural resources that will enter the economic circuit give the possibility of a real appreciation of the perspectives of evolution. In this article, the authors attempt to define the main components of national wealth, inventing the elements on which national wealth is built. To quantify the accumulated national wealth of a country, the main part of it, there are a number of indicators that give the essence of the wealth of the national economy. In this respect, fixed capital is the main component of national wealth and this is expressed by a number of indicators including the full initial value, the remaining value, the replacement value. On the basis of these quantified indicators by calculation relations, the important elements that define the accumulating part of the national wealth can be calculated on the total national economy and in the structure of the national economy.

Keywords: national wealth accumulated; indicator; fixed capital; stock of materials; living standard of the population (search for similar items in EconPapers)
JEL-codes: E01 E21 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/supliment/wp-con ... rss_10_2017_A1en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:65:y:2017:i:10:p:14-24

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().