Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107942
Authors: 
Popa, Ana-Maria
Year of Publication: 
2012
Citation: 
[Journal:] Romanian Journal of Fiscal Policy (RJFP) [ISSN:] 2069-0983 [Volume:] 3 [Year:] 2012 [Issue:] 2 [Pages:] 1-16
Abstract: 
This study analyzes the relationship between the social factors and the economic growth. A summary of social and economic environment is presented for Romania. As such, the paper analyzes the global evolution of social and economic environment over time and establishes a direct correlation between human development and economic welfare. An econometric model and a clustering model are tested for European Union countries. The results of the paper reveal the social factors that are positively correlated with the economic growth (i.e. the expected years of schooling and the life expectancy) and, respectively, the factors that are negatively correlated with the economic growth (i.e. the population at risk of poverty and the unemployment rate).
Subjects: 
Economic growth
Social factors
Human development
JEL: 
E60
O15
O47
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Article
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