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Balance-of-Payments Characteristics of Bulgarian Economic Growth

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  • Elena Spassova

Abstract

This study aims to analyze the movements in the balance-of-payments accounts of Bulgaria from 1991 to 2014 by evaluating the internal and external economic processes, characterizing this period. The observations on the accounts dynamics, in the context of the ongoing liberalization and catching-up policies, allow the identification of the causes for the registered growth rate of Bulgaria and whether or not it is a sustainable one. As a result, an assessment is made of both the external competitiveness of the Bulgarian economy and the degree of success of the transition from planned to market economy, in light of the possibilities for conducting a catch-up growth.

Suggested Citation

  • Elena Spassova, 2016. "Balance-of-Payments Characteristics of Bulgarian Economic Growth," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 43-81.
    • Handle: RePEc:bas:econst:y:2016:i:3:p:43-81
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    More about this item

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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