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Dynamics of Food Production Before and After the Economic Crisis

Author

Listed:
  • Dimitar Blagoev

    (University of National and World Economy, Sofia, Bulgaria)

  • Nikolay Sterev

    (University of National and World Economy, Sofia, Bulgaria)

  • Ilia Gatovski

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Historically, food industry is one of the oldest industries in Bulgaria, with more than 150 years of development. In recent years it is one of the industries that has decreased its share very fast. It is interesting to investigate the size and scope of its decline and to identify the main reasons for Bulgarian food producers to register loss of their traditional markets (local and European ones). The paper explores the changes of food processing in the last five years. The structure of the paper covers the following basic points: the first section is Introduction. It gives a brief summary of the current state of food industry in Bulgaria. A brief theoretical background is given in the next section. It summarizes the evolution of industrial dynamics in economic theory. A detailed methodological approach is presented in third paragraph. Results from data analysis are given in the fourth section. It is based on a statistical analysis of enterprise data. A key issue of this analysis is a comparative analysis of the dynamic functions of Bulgarian food production before and after the 2008 crisis arose. Finally, the outcomes and conclusions are summarized.

Suggested Citation

  • Dimitar Blagoev & Nikolay Sterev & Ilia Gatovski, 2014. "Dynamics of Food Production Before and After the Economic Crisis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 19-32, January.
    • Handle: RePEc:nwe:eajour:y:2014:i:1:p:19-32
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    References listed on IDEAS

    as
    1. Montresor, Sandro & Vezzani, Antonio, 2015. "The production function of top R&D investors: Accounting for size and sector heterogeneity with quantile estimations," Research Policy, Elsevier, vol. 44(2), pages 381-393.
    2. John R. Hicks, 1961. "The Measurement of Capital in Relation to the Measurement of Other Economic Aggregates," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 18-31, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    industrial dynamics; crisis effects; food industry;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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