Икономическият растеж в България – алтернативи, възможности и политика

Economic Growth in Bulgaria – Alternatives, Opportunities and Policy

Mitko Dimitrov

MPRA Paper from University Library of Munich, Germany

Abstract: The main achievements and problems of the change of the economic system in Bulgaria after 1989 and their impact on economic growth are analyzed. The main problem of the economic development of Bulgaria is the existence of a model of the functioning of the economy, whose main characteristic is the broad substitution of income from economic activity with the receipt of rent based on political and economic power, positions in the bureaucratic system, fraud and other non-economic factors. Public institutions do not work in the public interest but interfere with normal, market-oriented business. Defects in the functioning of the economy are caused by the way in which the change of the economic system in Bulgaria has taken place. The economy does not suffer from a lot of markets but from market failures.

Keywords: Formal and Informal Sectors; Shadow Economy; Institutional Arrangements; Industrial Policy (search for similar items in EconPapers)
JEL-codes: O17 O25 O43 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82760

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