DIMENSIONS AND POSSIBLE CHALLENGES TO SUSTAINABILITY IN POST COVID-19 PANDEMIC SITUATION ON "CAPTURE" STATE STOCK MARKETS: THE CASE OF BULGARIA

Julia Stefanova

Journal of Financial and Monetary Economics, 2021, vol. 9, issue 1, 153-162

Abstract: The paper outlines the specifics of capture state frontier stock market of Bulgaria in the course of 14 years’ full membership of Bulgaria in the European Union and the existing barriers and challenges to sustainability dimensions in pandemic Covid-19 financial situation. As a case in point of façade democracy the paper tests empirically the adjustment of the Bulgarian economy to the requirements of sustainable development based on various eco-efficiency, democracy and human development indicators at the macroeconomic and stock market level. As a result of the empirical analysis the report draws conclusions regarding opportunities and obstacles facing the frontier state stock market of Bulgaria in adjusting to sustainable development objectives in post-Covid -19 pandemic new realities.

Keywords: sustainability; frontier stock markets; "capture" state; ecoefficiency (search for similar items in EconPapers)
JEL-codes: G20 P34 Q56 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:9:y:2021:i:1:p:153-162

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