Gross Domestic Product – National Income of Romania 1862 – 2010. Secular statistical series and methodological foundations

Victor Axenciuc and George Georgescu

MPRA Paper from University Library of Munich, Germany

Abstract: Starting from the importance and need to investigate one of the most relevant issues regarding the structure and dynamics of the economic and social development of all countries in the world, the book focuses on Romania, from the perspective of certain synthetic indicators, aggregated at macroeconomic level, i.e. the Gross Domestic Product and the National Income, on long data series over the past 150 years, also taking into account the comparative international context, in terms of purchasing power parity. The Part One contains a synthesis, developed and completed, of GDP data for each year of the period 1862 – 2010 and also indicators resulting from the GDP, as Net Domestic Product, Net National Product and National Income. The historical research has adopted and applied, with maximum attention, criteria that substantiated the calculations, through rigorous techniques and methods of data aggregation, in order to remove certain errors that would lead to distorted results, focusing on the accuracy of evaluations, so that they would express, in the most genuine manner, the real dimension of the statistical indicators, allowing for a correct interpretation of the economic phenomena. The operations for compiling the indicators are accompanied by comments regarding the criteria and calculation methods, as well as by methodological explanations, so that the data would be able to be rebuilt in a better format, by the interested authors, should they have a more reliable and relevant statistical information about Romania. The Part Two of the book focuses on the international literature, dedicated to criticisms theoretical and methodological opinions regarding the GDP, as well as a comparative analysis of the GDP evolution in Romania, in various hypotheses, compared to other countries.

Keywords: System of National Accounts; International Comparison Program; wellbeing; GDP criticism; Romania. (search for similar items in EconPapers)
JEL-codes: B15 B41 C82 E01 N10 O11 (search for similar items in EconPapers)
Date: 2017-10-16
New Economics Papers: this item is included in nep-his, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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