ANALYSIS MODELS OF THE LIFE QUALITY STANDARD IN ROMANIA

Constantin Anghelache, Alexandru Manole, Madalina-Gabriela Anghel, Florin Paul Costel Lilea () and Mariana Bunea
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Constantin Anghelache: Bucharest University of Economic Studies/„Artifex" University of Bucharest
Alexandru Manole: „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex" University of Bucharest
Mariana Bunea: „Artifex” University of Bucharest

Romanian Statistical Review Supplement, 2017, vol. 65, issue 5, 17-30

Abstract: The indicator that best expresses the quality of life (welfare) is gross domestic product per capita. The two factors that account for economic growth (number of employees and labor productivity) are taken into account, but the macroeconomic outcome must provide an average living standard for the entire population. The system of national accounts used by the Member States of the European Union as well as by other states as a form of evidence and macroeconomic analysis contains all the elements needed for such a study. In the period under consideration, regardless of the method of calculating GDP, we obtain a precise quantitative amount that, compared to previous developments, suggests how the quality of life of the population has evolved. In analyzing the quality of life, we have to go from the structure of the population, number of employees, other categories, expressed by statistical indicators.

Keywords: standard of live; indicator; GDP per capita; correlation; banking product (search for similar items in EconPapers)
JEL-codes: I13 O15 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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