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The Openness Of The Economy As A Dynamic Process


  • Ivan Iliev

    () (University of Economics – Varna, Bulgaria)

  • Georgi Marinov

    (University of Economics – Varna, Bulgaria)


The issue of the openness of the economy is becoming more important recently,especially given the development of global economy in last years and months. As openness isto be regarded as a dynamic process, flexible in both directions, problems with the visions forthe openness arise with time, especially for transitional economies, given the fragility of theirmarkets.In applying some econometric methods on external trade data we aim to shed some light onthe dynamics of the openness of the economy of Bulgaria after 2000.

Suggested Citation

  • Ivan Iliev & Georgi Marinov, 2008. "The Openness Of The Economy As A Dynamic Process," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-11.
  • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:11

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    References listed on IDEAS

    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    2. Paul Krugman & Anthony J. Venables, 1995. "Globalization and the Inequality of Nations," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 857-880.
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    More about this item


    open economy; Grubel-Lloyd index; transitional economy;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population


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