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Dimensions And Possible Challenges To Sustainability In Post Covid-19 Pandemic Situation On "Capture" State Stock Markets: The Case Of Bulgaria

Author

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  • STEFANOVA, Julia Stoyancheva

    (Economic Research Institute at the Bulgarian Academy of Sciences, Sofia, Bulgaria)

Abstract

The paper outlines the specifics of capture state frontier stock market of Bulgaria in the course of 14 years’ full membership of Bulgaria in the European Union and the existing barriers and challenges to sustainability dimensions in pandemic Covid-19 financial situation. As a case in point of façade democracy the paper tests empirically the adjustment of the Bulgarian economy to the requirements of sustainable development based on various eco-efficiency, democracy and human development indicators at the macroeconomic and stock market level. As a result of the empirical analysis the report draws conclusions regarding opportunities and obstacles facing the frontier state stock market of Bulgaria in adjusting to sustainable development objectives in post-Covid -19 pandemic new realities.

Suggested Citation

  • STEFANOVA, Julia Stoyancheva, 2021. "Dimensions And Possible Challenges To Sustainability In Post Covid-19 Pandemic Situation On "Capture" State Stock Markets: The Case Of Bulgaria," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 9(1), pages 153-162, October.
    • Handle: RePEc:vls:rojfme:v:9:y:2021:i:1:p:153-162
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    References listed on IDEAS

    as
    1. Perotti, Enrico C. & van Oijen, Pieter, 2001. "Privatization, political risk and stock market development in emerging economies," Journal of International Money and Finance, Elsevier, vol. 20(1), pages 43-69, February.
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    3. Benson Durham, J., 2002. "The effects of stock market development on growth and private investment in lower-income countries," Emerging Markets Review, Elsevier, vol. 3(3), pages 211-232, September.
    4. Pagano, Marco, 1993. "Financial markets and growth: An overview," European Economic Review, Elsevier, vol. 37(2-3), pages 613-622, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sustainability; frontier stock markets; capture state; ecoefficiency;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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