The Bulgarian Economy: Lessons from Reform During Early Transition

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Editorial Reviews

Bulgarian and foreign contributors examine the country's economy from a range of perspectives. The 15 studies were completed in spring 1996, just before a financial crisis, changes in central banking, and a mass privatization program began, and so represent a view of the early stage of transition untainted by hindsight. Among the considerations are inflation, the price index gap, money and the capital market, international trade, privatization and the restructuring of state and small firms, agricultural reforms, and labor markets. No index. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9781859723364
  • Publisher: Ashgate Publishing, Limited
  • Publication date: 5/28/1997
  • Pages: 366
  • Product dimensions: 6.26 (w) x 8.86 (h) x 0.94 (d)

Table of Contents

Figures and tables
Pt. 1 Introduction 1
1 Early transition in Bulgaria: review and evaluation 3
2 Economic transformation and regional inequality in Bulgaria: in search of a meaningful unit of analysis 21
Pt. 2 Macroeconomics 51
3 Inflation in a transition economy: the case of Bulgaria 53
4 Price index gap in Bulgaria 63
5 Incomes policies in Bulgaria 81
6 Macroeconomic effects of restrictive wage policy in Bulgaria: empirical evidence for 1991-95 99
Pt. 3 Money and capital market 127
7 A role for an independent central bank in transition? The case of Bulgaria 129
8 Collateral, access to credit, and investment in Bulgaria 161
Pt. 4 Trade 177
9 The international economy 179
Pt. 5 Privatization, restructuring of state firms and small firms 203
10 Process of privatization in Bulgaria 205
11 Nature and role of small firms in Bulgaria 231
12 Enterprise adjustment during early transition 249
Pt. 6 Agricultural reform 273
13 Evolution of agrarian institutions in Bulgaria: markets, cooperatives, and private farming, 1991-94 275
Pt. 7 Labor markets 299
14 Bulgarian labor market during early period of transition 301
15 Fringe benefits in transition: evidence from Bulgaria 329
Appendix: statistical tables 341
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