The recent pressure on public finances in Bulgaria has exposed the need for a performance-based system of public funding for higher education. This article estimates the relative technical and cost efficiency of Bulgarian universities and explores the correlation between public funding and...

Bulgaria and Romania are neighbouring countries, which have always been rivals. Following the decision on EU enlargement to include Bulgaria and Romania (late 1999) and with membership negotiations already started (2004), the race between the two countries gained momentum and comparisons of...

This paper examines the efficiency of Bulgarian banks and its determinants over the period 1999-2007. The levels of technical, allocative, and cost efficiency are estimated using a nonparametric methodology and then regressed on a number of bankspecific, institutional, and EU-related factors....

The paper examines the efficiency of Bulgarian banks and its determinants over the period 1999- 2007. The levels of technical, allocative, and cost efficiency are first estimated using a nonparametric methodology and then regressed upon a number of bank-specific, institutional, and EU-related...

La comparaison des politiques économiques adoptées par la Roumanie et la Bulgarie de la fin du régime communiste à la période récente fait ressortir les divergences qui distinguent les deux pays voisins balkaniques. Un accent particulier est mis sur l’évolution de leurs politiques...

Countries in Central and Eastern Europe (CEE) still exhibit lower income levels than the European Union (EU) average. This paper examines convergence in per-capita GDP between CEE and the EU over the period 1990-2012 using parametric and nonparametric methods. The results indicate initial...

This paper traces the origins of the different monetary regimes adopted in Bulgaria and Romania in 1996-97 and examines their performance during the EU accession. The findings indicate that the constraints of the currency board in Bulgaria shifted economic activity towards the private sector,...

After more than two decades of transition and integration, countries in Central and Eastern Europe (CEE) still exhibit income levels that are significantly lower than the European Union (EU) average. This paper examines convergence in per-capita GDP between CEE and the EU over the period...

Anticipated regret is an important determinant in risky decision making, however only a few studies have explored its role in problem gambling. This study tested for differences in the anticipation of regret among social and problem gamblers and examined how these differences affect risk...

To minimize the possibility of experiencing regret over the outcome of a decision, people take into account their anticipated regret when evaluating their options before making the decision. The present study examined the accuracy of regret anticipation in the context of gambling behaviour....