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Macroeconomic Determinants of Income Inequality in Bulgaria

Silviya Bratoeva-Manoleva

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: Income inequality in Bulgaria increased noticeably over the period 1990-2015. This paper aims to identify the main macroeconomic determinants of income inequality. We find that GDP growth and structural changes in Bulgarian economy are among the determinants which deepen income inequality. The statistically significant negative estimate of the government expenditures on social protection means that an increase in social transfers mitigate income inequality. The empirical results show that inflation, foreign direct investment and education are statistically insignificant in affecting income inequality.

Keywords: income inequality; OLS regression; transition economies (search for similar items in EconPapers)
JEL-codes: D31 C32 P24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-tra
Date: 2017-09, Revised 2017-09
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2017-07

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