GDP - AN INDICATOR OF PROSPERITY OR A MISLEADING ONE?
The paper presents a comparative analysis of Romania’s GDP and other European countries’ GDP, as a response to social media debate on the fact that Romania seems to have the highest economic growth. The purpose of the research is to signal a series of inconsistencies between the GDP indicator and...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2017-04-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-02/15_Criveanu.pdf |
| Summary: | The paper presents a comparative analysis of Romania’s GDP and other European countries’ GDP, as a response
to social media debate on the fact that Romania seems to have the highest economic growth. The purpose of the research
is to signal a series of inconsistencies between the GDP indicator and the economic reality of a country. In this sense, we
propose an assessment of the level of GDP in Romania and in other countries, as well as the growth rate of GDP. We also
want to highlight other representative aspects of a country's assessment such as the debt ratio or the uneven income
distribution, which are more representative than the GDP indicator. In this context, we want to emphasize that an isolated
analyzer can distort the real image. At the same time, the issue is alarming if we recall some other negative events, such as
the 2008-2009 period, when Romanian society, being encouraged by a fictitious explosion of GDP, has developed an
unsustainable, debt-based economy. |
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| ISSN: | 1844-7007 1844-7007 |