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Long-Run Effects of Investments in Construction and Equipment on GDP in Bulgaria

Author

Listed:
  • Galina Ruseva

    ("Angel Kanchev" University of Ruse)

Abstract

The study examines the effects of equipment and construction investments on economic growth in Bulgaria over the period 1970-2015. Using cointegration analysis, the study indicates a significant role of equipment and construction investment for the long-run growth in Bulgaria. The results show that the positive impact of equipment investment on GDP is twice as much as the effect of investment in construction. Therefore, within its stated scope, this study suggests that a suitable policy should be implemented to accelerate equipment and construction investments and hence sustainable economic growth in Bulgaria.

Suggested Citation

  • Galina Ruseva, 2017. "Long-Run Effects of Investments in Construction and Equipment on GDP in Bulgaria," Economy and Economic Theory: Problems and Interactions, Conference Proceedings 2017, Department of Economics, University of Economics - Varna, issue 1, pages 309-318, December.
    • Handle: RePEc:vra:pr1712:y:2017:i:1:p:309-318
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    File URL: http://conference.ue-varna.bg/oit/files/sbornik/29-Galina%20Ruseva.pdf
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    More about this item

    Keywords

    equipment investment; construction investment; growth; cointegration;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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