Bulgaria: Selected Issues

International Monetary Fund

No 2007/390, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Bulgaria investigates possible driving forces behind the investment boom based on cross-country evidence. The diagnosis of the drivers behind the investment boom is important as it is key to assessing Bulgaria’s economic prospects, vulnerabilities, and policy challenges. The available evidence is less than clear-cut, but broadly suggests that the investment boom reflects to a large extent a one-off reassessment of Bulgaria’s riskiness as an investment location. The paper also investigates why Bulgaria’s GDP growth rate did not respond more strongly to the investment boom.

Keywords: ISCR; CR; Bulgaria; investment; investment boom; GDP growth; investment goods; output gap change; absorption gap; GDP ratio; revenue-GDP ratio; Fiscal stance; Bank credit; Output gap; Stock markets; Loans; Baltics; Europe; Eastern Europe; Central Asia (search for similar items in EconPapers)
Pages: 71
Date: 2007-12-19
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/390

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