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Small Firms and Economic Transformation in Bulgaria

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  • Bartlett, Will
  • Rangelova, Rossitsa

Abstract

The pace of transition to a market economy has been slower in Bulgaria than in some other east European countries in the 1990s. Output levels in the state owned sector, which has not yet been subject to mass privatisation, have fallen sharply and there has been a dramatic increase in unemployment. There has however also been a rapid growth in the lumber of small firms, and the ability of this sector to generate new jobs will be an important component of labour market dynamics in the future. Some of the main characteristics of this emergent sector are identified on the basis of a sample survey of nearly 400 small Bulgarian firms, covering competitiveness, entrepreneurship, innovation, networking, labour relations and business performance of the small firms. Key features of a subset of small firms with an orientation towards employment growth are identified. Copyright 1997 by Kluwer Academic Publishers

Suggested Citation

  • Bartlett, Will & Rangelova, Rossitsa, 1997. "Small Firms and Economic Transformation in Bulgaria," Small Business Economics, Springer, vol. 9(4), pages 319-333, August.
    • Handle: RePEc:kap:sbusec:v:9:y:1997:i:4:p:319-33
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    Cited by:

    1. Mitko Dimitrov, 2006. "ROUND TABLE DISCUSSION “CHALLENGES TO ECONOMIC THOUGH IN THE NEW CENTURY”: Outlook on the Development of Economic Science in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 22-36.
    2. Rossitsa Rangelova, 1999. "Economic Growth in Transition CEECs: Implications for and of Modern Growth Theory," ERI-BAS Chapters, in: Mitko Dimitrov & Wladimir Andreff & Laszlo Csaba (ed.), Economies in Transition and the Variety of Capitalisms. Features, Changes, Convergence, edition 1, chapter 12, pages 102-126, Bulgarian Academy of Sciences - Economic Research Institute.
    3. Mario Holzner & Florin Peci, 2011. "The Impact of Customs Procedures on Business Performance: Evidence from Kosovo," wiiw Working Papers 76, The Vienna Institute for International Economic Studies, wiiw.
    4. Janez Prašnikar & Marko Pahor & Andreja Cirman, 2004. "Late Payments in Accession Countries: Causes and International Comparison," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 9(1), pages 51-72, Spring.
    5. Müller Claudia, 2005. "Gründungspolitik und Transformation: Zur Rolle von Gründungen chinesischer Remigranten für die Entwicklung von Unternehmertum in Shanghai," ZFW – Advances in Economic Geography, De Gruyter, vol. 49(3-4), pages 237-254, November.
    6. Pissarides, Francesca, 1999. "Is lack of funds the main obstacle to growth? ebrd's experience with small- and medium-sized businesses in central and eastern europe," Journal of Business Venturing, Elsevier, vol. 14(5-6), pages 519-539.
    7. Tatiana S. Manolova & Nancy M. Carter & Ivan M. Manev & Bojidar S. Gyoshev, 2007. "The Differential Effect of Men and Women Entrepreneurs’ Human Capital and Networking on Growth Expectancies in Bulgaria," Entrepreneurship Theory and Practice, , vol. 31(3), pages 407-426, May.
    8. Alessandro Kihlgren, 2002. "Small business in Russia: A Case Study of St. Petersburg," William Davidson Institute Working Papers Series 439, William Davidson Institute at the University of Michigan.
    9. Petrit Gashi & Iraj Hashi & Geoff Pugh, 2014. "Export behaviour of SMEs in transition countries," Small Business Economics, Springer, vol. 42(2), pages 407-435, February.

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