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Structural changes in the foreign trade and economic growth of Bulgaria and Romania in the years of EU membership

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  • Rossitsa Rangelova
  • Valentin Bilyanski

Abstract

The specificities of the processes accompanying the accession of Bulgaria and Romania to the EU and beyond are investigated based on the example of the interconnection between foreign trade and economic growth. The dynamics and changes in the structure of foreign trade in the two countries are examined from a comparative point of view, and an attempt is made to determine how they affect the economic growth rate. The analysis covers the period 2007-2018, which was chosen because it encompasses the time from the start of Bulgaria and Romania's EU membership until the present.

Suggested Citation

  • Rossitsa Rangelova & Valentin Bilyanski, 2020. "Structural changes in the foreign trade and economic growth of Bulgaria and Romania in the years of EU membership," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-24,25-44.
    • Handle: RePEc:bas:econth:y:2020:i:2:p:3-24,25-44
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    References listed on IDEAS

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    1. Eduard Marinov, 2018. "Post-crisis development of Bulgarian international trade relations," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 63-82.
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      More about this item

      JEL classification:

      • F31 - International Economics - - International Finance - - - Foreign Exchange
      • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
      • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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