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This paper presents an empirical analysis of the medium and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate...
Persistent link: https://www.econbiz.de/10012778609
Bulgaria follows a currency board tied to the euro and we find that multi-product firms (MPFs) specializing only in Non-EU markets absorb exchange rate movements relatively more in their export volume than in their prices of every variety. Such effects can be however offset by cannibalization...
Persistent link: https://www.econbiz.de/10013051649
flows for collaboration and innovation. Companies from the two countries as well as Small and medium enterprises (SMEs) and … positive relationship with the companies' research and development (R&D) activities and innovation is developed. It was found … out that the set of variables employed can predict the innovation and R&D of companies, laying of electrochemical and …
Persistent link: https://www.econbiz.de/10009011115
year. Growth was driven by net exports and a surge in public expenditure, whereas household consumption contracted. Annual … research organization of this sector with concentration of national research potential The innovation system is operating below … its potential, whether measured by the system’s inputs, outputs, or by the contribution of innovation to economic growth …
Persistent link: https://www.econbiz.de/10011212221
flows for collaboration and innovation. Companies from the two countries as well as Small and medium enterprises (SMEs) and … positive relationship with the companies’ research and development (R&D) activities and innovation is developed. It was found … out that the set of variables employed can predict the innovation and R&D of companies, laying of electrochemical and …
Persistent link: https://www.econbiz.de/10014043644
This paper gives insight on organization, financing and productivity of agricultural research in Bulgaria during the period after country’s accession to EU. The analysis is predominately based on the research carried out in the Agricultural Academy – the main institutions responsible for the...
Persistent link: https://www.econbiz.de/10014095881
needs of Agricultural Knowledge and Innovation System (AKIS) in Bulgaria, and assist policy formation for the next …
Persistent link: https://www.econbiz.de/10014098994
subjects of provided consultation widened. Also hundreds of events associated with knowledge and innovation transfer and …
Persistent link: https://www.econbiz.de/10014099504
Bulgaria started the transition in the early 90's with a sovereign default and debt restructuring. Later on, under a strict fiscal discipline, the country succeeded to reduce significantly its debt burden and is currently among the top EU performers in that respect. The current debt outstanding...
Persistent link: https://www.econbiz.de/10013036844
In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage rigidity that results out of that arrangement ex- plains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...
Persistent link: https://www.econbiz.de/10011622575