Macroeconomic Challenges for the Transition to the Economy 4.0 in Bulgaria

Dimitar Zlatinov ()
Additional contact information
Dimitar Zlatinov: Faculty of Economics and Business Administration, Sofia University St. Kliment Ohridski, Sofia, Bulgaria

Nauchni trudove, 2018, issue 3, 155-163

Abstract: The paper examines changes in the Bulgarian economy following the global financial and economic crisis of 2008 that affect the macroeconomic environment for making the transition to the Economy 4.0. The main identified obstacles to sustainable technological economic growth are subdued investments and still low credit activity, high intercompany indebtedness, and relatively low levels of personal income. Meanwhile, the ongoing structural change in employment, increase in numbers and in share within overall production of the IT and research companies, and growing export opportunities may have a positive effect on the digitalization of Bulgarian economy.

Keywords: economic growth; investment activity; labour market conditions; digitalization; financial intermediation (search for similar items in EconPapers)
JEL-codes: E22 E24 G21 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://unwe-research-papers.org/bg/journalissues/article/9992 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2018:i:3:p:155-163

Access Statistics for this article

More articles in Nauchni trudove from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().