Европейската дългова криза, качеството на институциите и икономическия растеж в България

The European Debt Crisis, the Quality of Institutions and Economic Growth in Bulgaria

Mitko Dimitrov

MPRA Paper from University Library of Munich, Germany

Abstract: This study explores the impact of the European debt crisis and the quality of the institutions on the economic growth in Bulgaria in the pre-accession period and during the period of EU membership. The European debt crisis broke the upward trend not only on the Bulgarian but also on the economies of all EU member states. On a comparative basis, the significance of the severity of the crisis for each country, the policy on gross public debt and the dynamics of economic development to overcome the crisis is assessed. The quality of institutions is seen as one of the main factors that hinder or help economic growth.

Keywords: Sovereign Debt; Debt Management; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements; Industrial Policy (search for similar items in EconPapers)
JEL-codes: H63 O17 O25 O43 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82764

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