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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Evaluation of Patrimony Natural Resources. Economic and Mathematical Assessment Methods and Models (Stelian Stancu / Constanţa Nicoleta Bodea / Mihai Sabin Muscalu)


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Stelian Stancu1, Constanţa Nicoleta Bodea2 & Mihai Sabin Muscalu3

Evaluation of Patrimony Natural Resources. Economic and Mathematical Assessment Methods and Models

Abstract: The purpose of this scientific paper is to present the main concepts related to natural resources, in terms of scope, taxonomy of natural resources, the presentation of representative methods of evaluation of natural resources, the specific economic and mathematical modelling approach of the reserves of both non-renewable (exhaustible) and renewable natural resources, pointing to the role of natural resources in national wealth and in the economy ← 207 | 208 → as a whole, specification of various value-related concepts of natural resources, as well as an economic evaluation of natural resources.

All these are analysed considering that natural resources represent an active factor of sustainable development, given that the efficient use of natural resources contributes to the sustainable growth of any country.

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