THE INFLUENCE OF THE GDP CONVERSION RATE INTO GNI ON SOCIAL PROGRESS. COMPARATIVE ANALYSIS AT THE EU LEVEL
Gross Domestic Product per capita is one of the main and indispensable indicators around which official reports are built representing thusthe comparative macroeconomic outcomes across states, being considered also a benchmark for national wealth analysis and comparison. However, reality has shown t...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2019-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/download/cks_2019_articles%252F5_economic_sciences%252FCKS_2019_economic_sciences_013.pdf |
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| Summary: | Gross Domestic Product per capita is one of the main and indispensable indicators around which official reports are built representing thusthe comparative macroeconomic outcomes across states, being considered also a benchmark for national wealth analysis and comparison. However, reality has shown that this results indicator, although one of the most popular and publicized macroeconomic variable, does not reflect a real and complete perspective on the economic and social situation of the citizens of the analyzed country. Proof of the viability of this outlook lies with the World Bank using GNI per capita in order to achieve annual hierarchization of savings in four groups (high income countries, upper middle-income countries, lower middle-income countries and lower income countries). This criterion was also adopted with the European Community in order to establish for each Member State the contribution to the Community’s budget as well as the contribution from VAT. Starting from these points of view and taking into account that, regardless of the level at which the economic activity takes place, the final goal must be the same - the satisfaction of the human needs in rational conditions - the present paper has two objectives: first to analyze comparatively, for the EU Member States, the share of GDP in GDP (per capita) and, secondly, to verify using empirical data the link between the rate of conversion and the social progress of these states. As a variable for measuring the quality of life, the reporting shall be made according to the Social Progress Index. This is because, in order to achieve the economic and social development objectives, financial resources are determinant but not enough - the human resources (and, implicitly, the educational system), the material and informative, along with qualitative aspects such as ethics and equity in the distribution of income represent also indispensable premises. |
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| ISSN: | 2068-7796 |