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The Impact of Service Sector Activities on the Efficiency and Productivity of the Bulgarian Economy

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  • Silvia Gospodinova

Abstract

This study represents an analysis of the problem of efficiency of the economic system, the theoretical advancement in the related field and the influence of the related economic activities over the overall effectiveness. Analysing has been emphasized the different processes involved in the service industry as part of the overall industry output, we can clearly see the trend indicating that the work results of the labour force involved in the industry correlates with the increase in effectiveness for the rest of the sectors, therefore we need to measure and evaluate the contribution of the labour force behind these processes. In practice, it is difficult to achieve maximum values for all performance related indicators in the service industry. Therefore, a number of the performance indicators were selected and used to evaluate the social-economical effectiveness. In this specific case, the work force productivity, maximum performance, factorial elasticity and also the effectiveness of the investments in long-term assets in the sector have been used.

Suggested Citation

  • Silvia Gospodinova, 2013. "The Impact of Service Sector Activities on the Efficiency and Productivity of the Bulgarian Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 175-204.
    • Handle: RePEc:bas:econst:y:2013:i:1:p:175-204
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    References listed on IDEAS

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    1. Smets, Frank & Wouters, Raf, 2002. "An estimated stochastic dynamic general equilibrium model of the euro area," Working Paper Series 171, European Central Bank.
    2. Frank Smets & Raf Wouters, 2003. "An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1123-1175, September.
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    More about this item

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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