Bulgaria’s Economic Growth under a Currency Board Arrangement

Ivan Todorov

Ikonomiceski i Sotsialni Alternativi, 2015, issue 3, 74-90

Abstract: The goal of this article is to identify the contributions of capital stock, labor input and technological progress to Bulgaria’s economic growth under a Currency Board Arrangement. In order to accomplish the goal of the paper, a growth accounting approach based on a two-factor Cobb-Douglas production function is employed. Recommendations are made on macroeconomic policies, which may assist in solving the growth problems of Bulgarian economy.

Keywords: currency; board; arrangement (search for similar items in EconPapers)
JEL-codes: O47 (search for similar items in EconPapers)
Date: 2015
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