Assessment Of The Elasticity Of Republic Of Bulgaria’s Foreign Trade In Energy Resources By Means Of The Almon Model

Lyubomir Lyubenov ()
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Lyubomir Lyubenov: Varna University of Economics

Business & Management Compass, 2013, issue 1, 53-61

Abstract: The article presents an assessment of the elasticity of Bulgaria’s foreign trade in energy resources against major macroeconomic variables. There are experimented models of distributed lags. There is determined the inelasticity of the import and export of energy resources from and to EU-15, as well as the lack of elasticity for the period under study with respect to GDP, the nominal and the real effective exchange rates. The strong influence of inflation, measured by means of CPI is also accounted for. The obtained estimates of elasticity reflect the impact of Bulgaria’s membership of the EU.

JEL-codes: C32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2013:i:1:p:53-61

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