Regional Disproportions – Business Demography and Economic Growth (Example of Bulgaria)

Yuliyana Yarkova, Krasimira Toneva and Nedelin Markov

Economic Studies journal, 2017, issue 6, 153-171

Abstract: The study investigates imbalances of business demography of regions NUTS 2, Bulgaria, which of them are key determinants of regional economic growth disparities; compares business demography at the time of Bulgaria's accession with the beginning of 2014-2020 programming period in EU; determines the impact of key factors on the dynamics of business demography. Methods: The study applies comparative, variance and regression analysis in business demography and economic growth. A statistical test was done of the relation between some indicators and test of correlation between the coefficient of variation of regional growth and the variation in business demography. Results: Differences in GDP per capita are strongly related to differences in the number of NFC/1,000. Average dependence of differences in GDP per capita on the differences in the number of industrial enterprises and employees has been found out. Moderate negative relationship was observed between GDP per capita and the number of dead companies, as well the number of employed in services. Conclusions: Business demography is strongly influenced by economic processes at national and international level. Regions react differently to the socio-economic impacts. Attention needs to be drawn towards business environment, which is determined by the state, improving regional policy and measures to business environment in the companies.

JEL-codes: R11 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2017:i:6:p:153-171

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