Articles

• Spartak Keremidchiev — Economic Research Institute аt BAS

  Miroslav Nedelchev — Economic Research Institute аt BAS

  FOREIGN MODELS AND POLICIES FOR STATE-OWNED ENTERPRISES

  Abstract ▾ PDF

  The article presents and analyzes various foreign models and policies for state- owned enterprises. The models of management of state-owned enterprises, the need for their existence and the types of state-owned enterprises are considered successively. The results of the article outline a wide range of national policies for state-owned enterprises. The main factors for their determination are a consequence of the historical development and the social commitments made for economic reforms. The existence of social goals of state ownership creates serious differences between corporate governance in the public and private sectors. The increased complexity in the management of state-owned enterprises stems from the combination of social and economic goals.

• Magdalena Vlahova-Veleva — Sofia University St. Kliment Ohridski

  THE EURO’S EFFECT ON TRADE

  Abstract ▾ PDF

  The aim of the present paper is to study the effects of euro adoption on the trade of goods and services. For this purpose, a panel regression model is estimated for the seven euro area Member States from Central, Eastern and Southern Europe that have most recently adopted the single currency. The studied period covers the years from 2003 to 2018. The results indicate that euro area membership led to an increase in both the exports (by 3.3%) and the imports (by 2.8%) of the selected countries and for the chosen time period. This paper contributes to the existing literature by empirically examining the effect of euro area membership on trade, by covering the newly joined Member States.

• Henrik Egbert — Anhalt University of Applied Sciences, Germany

  Teodor Sedlarski — Sofia University St. Kliment Ohridski

  Foundations of contemporary economics: Joan Robinson and left Keynesianism – Marx, but not Marxism

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  Joan Robinson (1903-1983) is an outstanding Cambridge economist in a variety of aspects. Being a member of the inner circle around Keynes and discussing with him drafts of the „General Theory“ in the early 1930s, she became an ardent defender of Keynes' original ideas. Her first major work is the „Theory of Imperfect Competition“, which became the standard model for depicting real markets as compared to the model of perfect competition. Her work on Marx reintegrated part of his ideas into economic thought while rejecting ideological Marxism. Due to her favoritism of left ideas, her disputes with neoclassical or orthodox economists, and her advocacy of communist regimes after the Second World War, Robinson is also regarded as one of the most controversial economists of her time.

• Eduard Marinov — New Bulgarian University

  The 2020 Nobel Prize in Economics

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  The Royal Swedish Academy of Sciences has decided that the Swedish National Bank Prize for Excellence in Economic Sciences in Memory of Alfred Nobel for 2020 will be awarded to Paul Milgram and Robert Wilson "for improvements in auction theory and the creation of new auction formats". Paul R. Milgram1 was born in 1948 in Detroit, USA. He received his Ph.D. in 1979 from Stanford University in Cambridge, USA, on the topic of information structure in competitive bidding. He is currently a professor in the Department of Economics and the School of Business at the same university. Doctor Honoris Causa, Stockholm School of Economics (2001).

• Pano Lulanski — Dr. Ec. Sc., Professor at the University of National and World Economy

  Professor Nikola Velikov – meaningful longevity with creative dedication

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  This year marks the 90th anniversary of the birth of Prof. Ph. Nikola Velikov - scientist, teacher, mentor, guide, intellectual, patriot, local historian, husband, father, grandfather, great-grandfather. And most of all, a man, unique in his behavior, with high morals, bright spirituality, warmth, living so that he could not be forgotten.