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What is Romania’s Wealth? The Foundation of a National Wealth Evaluation Econometric Model

Gheorghe Zaman (), Roxana Arabela Dumitrascu () and Vadim Dumitrascu
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Roxana Arabela Dumitrascu: "Petre Andrei" University of Iasi.
Vadim Dumitrascu: "Petre Andrei" University of Iasi.

Journal for Economic Forecasting, 2012, issue 3, 80-96

Abstract: The importance of knowing the country’s national wealth level and structure is determined by the fact that these factors condition the sense and content of the development of a country on short, medium and long term. A study of the World Bank made in 2006 proves that the sustainable development is generated by a wealth structure in which the dominant role is that of the intangible capital, of the anthropic capital and of the natural capital having rather facilitating functions. This study also presents the situation of Romania’s wealth. In 2000, the national wealth of our country was characterized by a non-competitive structure and a low sustainable development generation potential. The current study aims at updating the econometric model (until 2009) of Romania’s national wealth estimation presented by the World Bank in its 2006 report.

Keywords: anthropic capital; natural capital; intangible capital; sustainable development; capitalization (search for similar items in EconPapers)
JEL-codes: C51 C53 E01 E22 O11 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:rjr:romjef:v::y:2012:i:3:p:80-96