DETERMINANTS OF ECONOMIC GROWTH IN BULGARIA Cover Image

ДЕТЕРМИНАНТИ НА ИКОНОМИЧЕСКИЯ РАСТЕЖ В БЪЛГАРИЯ
DETERMINANTS OF ECONOMIC GROWTH IN BULGARIA

Author(s): Galin Stefanov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: economic growth;GDP;balance of payments;current account;current transfers

Summary/Abstract: This study focuses on the most prominent theories about modeling economic growth. The factors of economic growth in Bulgaria are studied in terms of econometrics. The main determinants of growth are identified and the strength of their impact is measured. The positive multiplier effect of final consumption, gross capital formation, government expenditures on employee compensation, exports and unilateral gratuitous transfers are determined. Opportunities for stimulating economic growth in Bulgaria are analyzed in the short and long run.

  • Issue Year: 16/2012
  • Issue No: 16
  • Page Range: 44-66
  • Page Count: 22
  • Language: Bulgarian
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