Vladimirov, Vladimir; Neicheva, Maria - In: IBSU Scientific Journal (IBSUSJ) 2 (2008) 1, pp. 7-22
The study sheds light on the stabilizing role of government budget. It finds that in Bulgaria both taxes and government spending are negatively related to the real growth rate. This leads to the conclusion that budgetary expenditure influence output in a non-Keynesian fashion. The size of...