This paper attempts to analyse the relationship between exports, investments and economic development in two pre-accession countries of the European Union, Bulgaria and Romania. For investigation of this relationship a multivariate autoregressive VAR model is used. The results of cointegration...

During the past few years, in many countries, both developed and developing, there has been a tendency to increase government spending. This article intends to examine this tendency of the public sector as well as the existing relationship between the extent of government spending and economic...