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The Market Transition in Bulgaria – On Route To A Regulated Market Economy

Author

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  • Ivona G. Yakimova

Abstract

The economic reforms, performed in the last decade in the country are a solid foundation for detailed appraisal of the market maturity of the Bulgarian economy and its orientation towards a specific market model. From the contemporary comparative economics’ perspective the author defends the thesis, that the ongoing economic tendencies in Bulgaria confirm to the regulated market development intrinsic to most countries, the West-European in particular. On the basis of practical analysis, using three systematic economic criteria, a conclusion is drawn that some inconsistencies of the regulated market model’s stable and regular characteristics are observed in the Bulgarian market transition. These inconsistencies are a source for some of the national economic policy’s failures. The most important inconsistencies concern in the relationship between the state and the private sector, the corporations in particular, and the social functions of the government, which at the moment are extremely underdeveloped and contradict with the constitutionally regulated welfare state market model.

Suggested Citation

  • Ivona G. Yakimova, 2004. "The Market Transition in Bulgaria – On Route To A Regulated Market Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 89-123.
    • Handle: RePEc:bas:econst:y:2004:i:3:p:89-123
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    References listed on IDEAS

    as
    1. Balázs Horváth & István P. Székely, 2003. "The Role of Medium-Term Fiscal Frameworks for Transition Countries : The Case of Bulgaria," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 39(1), pages 86-113, January.
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    More about this item

    JEL classification:

    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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