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Bulgaria’s Economic Growth under a Currency Board Arrangement

Author

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  • Ivan Todorov

Abstract

The goal of this article is to identify the contributions of capital stock, labor input and technological progress to Bulgaria’s economic growth under a Currency Board Arrangement. In order to accomplish the goal of the paper, a growth accounting approach based on a two-factor Cobb-Douglas production function is employed. Recommendations are made on macroeconomic policies, which may assist in solving the growth problems of Bulgarian economy.

Suggested Citation

  • Ivan Todorov, 2015. "Bulgaria’s Economic Growth under a Currency Board Arrangement," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 74-90, October.
    • Handle: RePEc:nwe:iisabg:y:2015:i:3:p:74-90
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    File URL: http://www.unwe.bg/uploads/Alternatives/05_Todorov.pdf
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    Cited by:

    1. Kalina Durova, 2018. "Long-Term Impact of the European Funds on Bulgaria's Economy," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 325-333, September.

    More about this item

    Keywords

    currency board arrangement;

    JEL classification:

    • 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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