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Structural Convergence of Bulgaria With the Euro Area

Author

Listed:
  • Kristina Stefanova

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

Abstract

The paper aims to verify the existence of structural convergence of Bulgaria with the euro area, which is an additional assessment of the readiness of the economy to adopt the euro. By evaluating the divergence index and applying sigma convergence analysis, the existence of structural convergence of Bulgaria to the Eurozone in the period 2000 – 2019 regarding the distribution of employment among economic sectors is identified. There is also convergence between Bulgaria and the euro area regarding the relative share of employment also exists in the agriculture, forestry and fisheries sector and the services sector, but divergence in the industry sector.

Suggested Citation

  • Kristina Stefanova, 2021. "Structural Convergence of Bulgaria With the Euro Area," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 129-143, November.
    • Handle: RePEc:nwe:natrud:y:2021:i:4:p:129-143
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10430
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    More about this item

    Keywords

    structural convergence; employment; Bulgaria; euro area; divergence index; sigma convergence;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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