Articles

• Traitcho Spasov — University of National and World Economy

  Institutional aspects of the theory for the economic transition

  Abstract ▾ PDF

  Studied is the specific character of the economic transition in the countries from Central and Eastern Europe (CEE) in the context of intensively running processes of globalization and localization. Underlined is that the deep fundamental economic change can be made by a number of system changes, connected with certain combination of institutions. They are one of the most important factors, which determine the contents and structure of the economic interrelations between people, of the parameters and mechanisms of the economic order in the national economy. On this basis is drawn the conclusion that the economic change cannot run without an adequate institutional change. If in the running of the economic transition are created even temporary limitations and difficulties in making of the institutional change, this will effect on the mechanisms, intensity and effectiveness of the economic transition. In this plan it is noticed that from the effectiveness of the institutions and of the institutional transformation are determined the speed, succession and effectiveness of the economic transition in its whole.

• Asen Kovachev — Economic Research Institute аt BAS

  Restructuring and development of economy

  Abstract ▾ PDF

  The article present a system - structural approach to elaborated a national strategy of development by restructuring of Economy. The approach is founded on the: theory of productive systems, with reverse ties and ergodic process of development. The input-output table for the last year and an original iterative procedure (a modification of method RAS) are used for inter - branch balancing of the initial exogenicaly prognosticated volumes of production for the next years.
  This approach was used for retrospective analysis and forecasting of Bulgarian Economy included 93 branches and sub-branches.

• Vera Pirimova — University of National and World Economy

  Investment determining and projections of the growth in Bulgaria

  Abstract ▾ PDF

  Analyzed are the dynamics, the determining premises and the reflection of the investment process on the growth rate in Bulgaria in the period of the 90s and the beginning of the new century. The made empirical index analysis shows discrepancy between the varying dynamics of the investments and the realized growth rate, remaining even with the positive tendencies in the two processes in the last years. The induced investments exceed the autonomous ones, the investments have strong sensitiveness to the total directions of the growth and the often changes in it. The growth rate delays from the increase of the investments, the share of the capital-creation in GDP is insufficient to generate high and sustainable growth.
  The studied multiplying effect of the investments shows insufficient average level of the returns of the made additional investments. The calculated conditional partial coefficients of multiplication gravitate in the last years of the period from about 1, when the increase of GDP is weakly investment determined despite the significant increase of the investment costs.
  The recovered conditions of the growth activate the investment projects of the firms, while the impact of the deposit - credit processes is retaining due to the discriminating interest rates' levels. Under the necessary is the stimulating of the growth by the individual consumption and the export, which increase not rhythmically and in deformed structures. The increased attention on these restraints of the investments can cooperate for an increase of the volume and returns from the investments, for increase of the growth rate in Bulgaria.

• Antoaneta Vasileva — University of National and World Economy

  The conception "Euro-marketing" and recommendations to the bulgarian exporters

  Abstract ▾ PDF

  The policy of accelerated euro-integration sets stronger and stronger and in concrete dimensions the question for the dynamics of the Bulgarian export and its turning into a factor of the economic growth. The Bulgarian producers and exporter could not take advantage of the advantages of the expanded access to the European Union market, if they do not know the specifics of the business environment in EU and the requirements of the so-called euro-consumer.
  Analyzed are the main factors of the business environment in EU and are given directions for improvement of the marketing activity of the Bulgarian firms, which strive to settle a long presence on the EU market. The recommendations to them are based on concrete marketing study, in which carrying out participates the author of the article, as well as on the lessons of Peter Dracker from the American export boom. The decisions with strategic character by the export oriented firms concern choice of a method for exiting the EU market, searching for opportunities for financing the export activity and implying the competitive advantages. The requirements for the state are a clear strategy for stimulating the export oriented productions, creation of an adequate marketing infrastructure with build information network and institutional frame and cooperation in the implying of the principles of the "euro-marketing".

• Stefka Koeva — Medical University - Varna

  Market order and social institutions: The theory of F. Haiek and newly emerging market economies

  Abstract ▾ PDF

  Subject of the analysis is the theory of F. A. Haiek about the institutional frame of the spontaneous market order and its contemporary sounding. Studied are the nature, functions and structure of the social functions and the way they generate order. At front is drawn the character of the institutions as information and communication carriers and their role for the economizing of a knowledge. The focus is set on the emerging of the informal rules and conventions, which appear as unintentional consequences from the human activity. The second part is dedicated to the relevance of the theory for the contemporary post-communist reality. Defended is the thesis that the paradigm for the spontaneous market order and its institutional frame is necessary as a philosophy of the new social arrangement in more continuous and global perspective. The messages of Haiek are revealed in its warnings for the danger for the monopoly power of the state in the creation of new norms of the social practice, as well as in the insisting for a policy, leaving sufficient space for the changes in the informal market institutions.

• Toncho Tonchev — UACEG

  The euro - the new united european currency

  Abstract ▾ PDF

  The short following of the evolution development of the functional mechanism of the European currency system (ECS) and of the European unit of account - EKU, gives opportunity for revealing of the objective conditions and premises for more effective and acting coordination of the economic and currency policy of the EU countries. On this basis are interpreted the actual problems of the transition to economic and currency union (ECU) and the replacement since 01.01.1999 of the existing collective currency unit EKU with new united European currency - Euro. Mentioned are the concrete stages in the creation of ECU, analyzed are the phases of introducing the Euro and its turning on 01.01.2002 from "ideal" into real currency in the Euro zone. Interesting are the questions connected with the symbols, the technical characteristics and the defensive techniques against falsification of the new European money.

• Stoyadin Savov — University of National and World Economy

  Unpretentious Title of an Actual and Significant Study

  Abstract ▾ PDF

  I have no professional interest in human investment, but as a long-time university lecturer I was pleased to read the book by Assoc. Kazakov and I find it my duty to draw the attention of the readers to it by summarizing the problems the author explores.

  Already in chapter one - "Introduction to the theory of human capital", Assoc. Kazakov adopts a broader interpretation of the category, which includes accumulated knowledge as the common domain of humanity, knowledge and experience at the level of the individual, the person himself, his health status as a resource of the social and economic environment.