Analysis of Economic and Social Development of Valcea County Based on the Models with Simultaneous Equations

Economic development requires regional or local economic development capacity and the formulation of response to changes in economic, technological, and social. As a result, local economic development is part of the extensive process of community (Blair, 1995) development.Paper points out a number of theoretical concepts in economic development, but also takes into account social cues. We thought it appropriate to highlight the social and economic development of a county with resources, which gives them opportunities for development. During this time hard enough, because the economic crisis everyone is studded increasingly difficult for each country and for each county to enjoy economic development more efficient.