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Innovations And Industrial Development In Bulgaria

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  • Julia G. Dobreva

Abstract

This paper aims at identifying the most critical points of the Bulgarian industrial development for the last 20 years, following the political changes in the early 90s in Central and Eastern Europe. The analysis explores the most common characteristics of economies in transition by focusing on the primary causes for the dropdown in industrial production and the significant decrease in the country’s GDP since the beginning of the transition period. The objective of the research is to highlight the major trends of transition economies that led to industrial decline as well as to offer sustainable mechanisms for overcoming such downturns. Hence, the analysis postulates that innovations have a crucial role and could be considered as an effective measure for reviving collapsing industries. The research methodology includes a literary review and macroeconomic data analysis for the period 1990-2012, along with current and future trends for the development of the Bulgarian industry.

Suggested Citation

  • Julia G. Dobreva, 2014. "Innovations And Industrial Development In Bulgaria," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 524-529.
    • Handle: RePEc:isp:journl:v:8:y:2014:i:1:p:524-529
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    References listed on IDEAS

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    3. World Bank, 2011. "Bulgaria : Household Welfare during the 2010 Recession and Recovery," World Bank Publications - Reports 12789, The World Bank Group.
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    6. World Bank, 2012. "Going for Smart Growth : Making Research and Innovation Work for Bulgaria," World Bank Publications - Reports 12896, The World Bank Group.
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    More about this item

    Keywords

    industrialization; privatization; sustainable development; innovations;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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