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The Openness Of The Economy As A Dynamic Process

Author

Listed:
  • Ivan Iliev
  • Georgi Marinov

Abstract

The issue of the openness of the economy is becoming more important recently, especially given the development of global economy in last years and months. As openness is to be regarded as a dynamic process, flexible in both directions, problems with the visions for the openness arise with time, especially for transitional economies, given the fragility of their markets. In applying some econometric methods on external trade data we aim to shed some light on the dynamics of the openness of the economy of Bulgaria after 2000.

Suggested Citation

  • Ivan Iliev & Georgi Marinov, 2008. "The Openness Of The Economy As A Dynamic Process," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-11.
    • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:11
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    More about this item

    Keywords

    open economy; Grubel-Lloyd index; transitional economy;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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