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Post-crisis development of Bulgarian international trade relations

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  • Eduard Marinov

Abstract

The impact of Bulgaria’s accession to the EU and that of the Global financial crisis are assessed through an analysis of the changes in the country’s international trade for the period 2004-2016. Firstly, the general trends in the dynamics of the country’s trade flows in terms of value and volume are summarized, and then, the economy’s dependence on international trade is assessed. The study then presents an analysis of the direction of Bulgarian trade, including a comparison of the share of its intra-EU trade to that of the EU as a whole and to that of the Central and Eastern European countries. The changes in the commodity structure of trade are discussed by analyzing the share of primary and manufactured products and an index of the terms of trade is calculated in order to assess the trade benefits of Bulgaria’s post-crisis international trade relations. Based on the conclusions reached as a result of the analysis, recommendations are made regarding the opportunities in the field of Bulgaria’s international trade policy.

Suggested Citation

  • Eduard Marinov, 2018. "Post-crisis development of Bulgarian international trade relations," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 63-82.
    • Handle: RePEc:bas:econth:y:2018:i:6:p:63-82
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    References listed on IDEAS

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    1. Inotai, Andras, 1991. "Regional integration among developing countries, revisited," Policy Research Working Paper Series 643, The World Bank.
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    Cited by:

    1. Rossitsa Rangelova & Valentin Bilyanski, 2020. "Structural changes in the foreign trade and economic growth of Bulgaria and Romania in the years of EU membership," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-24,25-44.

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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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