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Innovations: a Key Driver for Sustainable Development in Bulgaria

Author

Listed:
  • Julia Dobreva

    (University for Finance, Business and Entrepreneurship (VUZF))

Abstract

This paper aims at highlighting the role of innovations for achieving sustainable development in Bulgaria. It identifies the need for innovative mechanisms in transition economies as a measure against the post effects of an unstable political system and the recent financial crisis. The analysis provides an overview of the Bulgarian economy over the last 20 years - the dropdown of industrial production, the difficulties in setting up and managing SMEs, and the general decline in the country?s economic activity. Furthermore, the paper explores the development impacts which will be achieved through the introduction of innovations in production facilities as well as in service management. The environmental and social implications are considered in terms of defining the major outcomes of implementing green business practices in Bulgaria. A comparison is made with the sustainable development levels in some EU countries to serve as a basis for identifying and further elaborating the main political and economic targets for Bulgaria in the short and the long term.

Suggested Citation

  • Julia Dobreva, 2015. "Innovations: a Key Driver for Sustainable Development in Bulgaria," Proceedings of International Academic Conferences 1003079, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:1003079
    as

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    References listed on IDEAS

    as
    1. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    2. World Bank, 2012. "Bulgaria : Public Expenditures for Growth and Competitiveness," World Bank Publications - Reports 12451, The World Bank Group.
    3. David Gadenne & Jessica Kennedy & Catherine McKeiver, 2009. "An Empirical Study of Environmental Awareness and Practices in SMEs," Journal of Business Ethics, Springer, vol. 84(1), pages 45-63, January.
    4. World Bank, 2012. "Going for Smart Growth : Making Research and Innovation Work for Bulgaria," World Bank Publications - Reports 12896, The World Bank Group.
    5. D. Perez‐Sanchez & J. R. Barton & D. Bower, 2003. "Implementing environmental management in SMEs," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 10(2), pages 67-77, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovations; post-crisis; SMEs; sustainability; sustainable development;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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