Social factors influence on economic growth. The case of Romania

Bogdan Boldea ()

Review of Applied Socio-Economic Research, 2012, vol. 4, issue 2, 25-31

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.

Keywords: sustainable development; demographic and cultural indicators; GDP; HDI (search for similar items in EconPapers)
JEL-codes: E24 H21 H55 J31 (search for similar items in EconPapers)
Date: 2012
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