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Икономическият Растеж В България – Алтернативи, Възможности И Политика
[Economic Growth in Bulgaria – Alternatives, Opportunities and Policy]

Author

Listed:
  • Dimitrov, Mitko

Abstract

The main achievements and problems of the change of the economic system in Bulgaria after 1989 and their impact on economic growth are analyzed. The main problem of the economic development of Bulgaria is the existence of a model of the functioning of the economy, whose main characteristic is the broad substitution of income from economic activity with the receipt of rent based on political and economic power, positions in the bureaucratic system, fraud and other non-economic factors. Public institutions do not work in the public interest but interfere with normal, market-oriented business. Defects in the functioning of the economy are caused by the way in which the change of the economic system in Bulgaria has taken place. The economy does not suffer from a lot of markets but from market failures.

Suggested Citation

  • Dimitrov, Mitko, 2016. "Икономическият Растеж В България – Алтернативи, Възможности И Политика [Economic Growth in Bulgaria – Alternatives, Opportunities and Policy]," MPRA Paper 82760, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82760
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    More about this item

    Keywords

    Formal and Informal Sectors; Shadow Economy; Institutional Arrangements; Industrial Policy;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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