Advanced Search
MyIDEAS: Login

No pain, no gain: market reform, unemployment, and politics in Bulgaria

Contents:

Author Info

  • Valev, Neven

Abstract

In 1997, a new center-right government came to power in Bulgaria with a mandate to accelerate market reforms. By the time of the next elections in 2001, 75 percent of GDP was produced in the private sector, compared to 45 percent in 1996. The government however lost the elections. This paper uses unique survey data to examine whether the high unemployment associated with market reform contributed to the election outcome. High unemployment did have an effect but it was small and does not explain the election loss. In fact, many in the population, including the unemployed, believed that high unemployment was the necessary price for future prosperity.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6WHV-4CS4K99-1/2/474132bf34c7f8bf281e1fe4f85ee98e
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 32 (2004)
Issue (Month): 3 (September)
Pages: 409-425

as in new window
Handle: RePEc:eee:jcecon:v:32:y:2004:i:3:p:409-425

Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622864

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Fidrmuc, Jan, 2000. "Political support for reforms: Economics of voting in transition countries," European Economic Review, Elsevier, vol. 44(8), pages 1491-1513, August.
  2. Aslund,Anders, 2002. "Building Capitalism," Cambridge Books, Cambridge University Press, number 9780521801393, November.
  3. Gérard Roland, 2000. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262182033, January.
  4. Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-55, December.
  5. Schwartz, Anna J., 1993. "Currency boards: their past, present, and possible future role," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 147-187, December.
  6. G�rard Roland, 2002. "The Political Economy of Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 29-50, Winter.
  7. Rodrik Dani, 1995. "The Dynamics of Political Suppport for Reform in Economies in Transition," Journal of the Japanese and International Economies, Elsevier, vol. 9(4), pages 403-425, December.
  8. John Ham & Jan Svejnar & Katherine Terrell, 1998. "Unemployment and the Social Safety Net During Transitions to a Market Economy: Evidence from the Czech and Slovak Republic," William Davidson Institute Working Papers Series 169, William Davidson Institute at the University of Michigan.
  9. Polackova Brixi, Hana & Shatalov, Sergei & Zlaoui, Leila, 2000. "Managing fiscal risk in Bulgaria," Policy Research Working Paper Series 2282, The World Bank.
  10. Warner, Andrew M., 2001. "Is Economic Reform Popular at the Polls? Russia 1995," Journal of Comparative Economics, Elsevier, vol. 29(3), pages 448-465, September.
  11. Dobrinsky, Rumen, 2000. "The Transition Crisis in Bulgaria," Cambridge Journal of Economics, Oxford University Press, vol. 24(5), pages 581-602, September.
  12. Tito Boeri & Katherine Terrell, 2001. "Institutional Determinants of Labor Reallocation in Transition," William Davidson Institute Working Papers Series 384, William Davidson Institute at the University of Michigan.
  13. Mathias Dewatripont & Gérard Roland, 1992. "The virtues of gradualism and legitimacy in the transition to a market economy," ULB Institutional Repository 2013/9587, ULB -- Universite Libre de Bruxelles.
  14. Carlson, John A. & Valev, Neven T., 2001. "Credibility of a new monetary regime: The currency board in Bulgaria," Journal of Monetary Economics, Elsevier, vol. 47(3), pages 581-594, June.
  15. Hayo, Bernd, 2004. "Public support for creating a market economy in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 32(4), pages 720-744, December.
  16. World Bank, 2001. "Bulgaria : The Dual Challenge of Transition and Accession," World Bank Publications, The World Bank, number 13958, January.
  17. Nannestad, Peter & Paldam, Martin, 1994. " The VP-Function: A Survey of the Literature on Vote and Popularity Functions after 25 Years," Public Choice, Springer, vol. 79(3-4), pages 213-45, June.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Orla Doyle & Patrick Paul Walsh, 2005. "Did political constraints bind during transition? Evidence from Czech elections 1990 - 2002," Trinity Economics Papers tep200515, Trinity College Dublin, Department of Economics.
  2. Frank Neher, 2013. "Markets wanted: expectation overshooting in transition economies," International Review of Economics, Springer, vol. 60(2), pages 187-219, June.
  3. Neher, Frank, 2011. "Markets wanted: Expectation overshooting in transition," Discussion Papers 2011/1, Free University Berlin, School of Business & Economics.
  4. Begovic, Boris & Paunovic, Marko, 2011. "Political support for enterprise restructuring and voting in Serbia," European Journal of Political Economy, Elsevier, vol. 27(1), pages 171-180, March.
  5. Boyko Nikolov & Nikolay Markov & Nasko Dochev & Dimitar Dimitrov & Rumyana Kolarova & Rumen Dobrinsky, 2004. "Understanding Reform: A Country Study for Bulgaria," wiiw Balkan Observatory Working Papers 056, The Vienna Institute for International Economic Studies, wiiw.
  6. Kim, Byung-Yeon & Pirttila, Jukka, 2006. "Political constraints and economic reform: Empirical evidence from the post-communist transition in the 1990s," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 446-466, September.
  7. Bernd Hayo & Florian Neumeier, 2013. "Public Attitudes Toward Fiscal Consolidation: Evidence from a Representative German Population Survey," MAGKS Papers on Economics 201351, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  8. Hayo, Bernd, 2004. "Public support for creating a market economy in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 32(4), pages 720-744, December.
  9. Smeets, Valerie & Warzynski, Frederic, 2003. "Job Creation, Job Destruction and Voting Behavior in Poland," Working Papers 03-24, University of Aarhus, Aarhus School of Business, Department of Economics.
  10. repec:tcd:wpaper:tep15 is not listed on IDEAS
  11. Orla Doyle & Patrick Paul Walsh, 2007. "Did political constraints bind during transition?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15, pages 575-601, 07.
  12. Eva Aguayo & Pilar Exposito & Emilia Vazquez, 2006. "Potential Tourism Market in Transition Countries: A Regional Analysis," ERSA conference papers ersa06p743, European Regional Science Association.
  13. Rovelli, Riccardo & Zaiceva, Anzelika, 2009. "Transition Fatigue? Cross-Country Evidence from Micro Data," IZA Discussion Papers 4224, Institute for the Study of Labor (IZA).
  14. Aguayo, Eva & Expósito, Pilar & Vázquez, Emilia, 2009. "Tourism in EU Transition Countries," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 9(2), pages 125-128.
  15. Aguayo, E. , 2011. "Impact of Tourism on Employment: An Econometric Model of 50 CEEB Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(1).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:jcecon:v:32:y:2004:i:3:p:409-425. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.