The Market Economy in Transition and the Accuracy of the Economic Results: A Theoretical Approach
Economia Aziendale Online, No. 1/2008 Special Issue, January 2008
9 Pages Posted: 28 Feb 2008
The way the results of the human activity are measured has been and still is a major theoretical and practical concern of the economic world. In this article we are particularly interested in analyzing the circumstances that provide a real image for the economic results at macroeconomic level. We keep as our main interest the technology of value making process in market economy and the relationship between real and nominal economy in this process. We apply the theoretical aspects on Romania in order to analyze the way macroeconomic indicators are reflected in the population living standards.
Keywords: economic growth, market economy, transition, convergence
JEL Classification: D40, D52, D63, F15, F43, I31, O11, P11, P16, P26
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