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The role and development of the public sector in the field of Bulgaria’s transport infrastructure (1879-1947)

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  • Nikolay Galabov

Abstract

The role and development of the public sector in the main sectors of the transport infrastructure of the new Bulgarian state up until the nationalization at the end of 1947 are analyzed. The particular significance of the public sector in them stems from the “poor inheritance” as well as the lack of capital in the hands of the Bulgarian bourgeoisie and its individualism. Experience shows that the alternative – subordinating developments in these areas to foreign capital – is less favorable, especially in the long run. The improvement of the transport infrastructure is a necessary prerequisite for the progress of agriculture and industry, as well as for the creation of the internal market and its linkage to external markets. Investments in it are several times higher than those in the industry, and it holds 40% of its employees. The economic efficiency of these investments is not only direct but also indirect. It is also realized in the private sector as well as in the social, state and political spheres. The development of transport infrastructure is a prerequisite for the development of more significant industrialization on the eve of, during and especially after the Second World War.

Suggested Citation

  • Nikolay Galabov, 2018. "The role and development of the public sector in the field of Bulgaria’s transport infrastructure (1879-1947)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 73-98.
    • Handle: RePEc:bas:econth:y:2018:i:5:p:73-98
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    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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