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Microeconomic Aspects in Business Services’ Development: the Case of Bulgaria

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  • Desislava Kolarova

Abstract

This paper evaluates the micro-economic aspects in development of business services in Bulgaria. The analysis is largely based on questionnaires that deal with the demand and the supply side of these services on the Bulgarian market, but also uses western theoretical and empirical approaches and available statistics. The analysis reveals that, in spite of the positive tendency in development of the business services in Bulgaria, they are still relatively unknown and underdeveloped. At this stage, the local demand for business services is weak and thus moderately encourages the emergence of a dynamic services sector, a more competitive industrial sector and consequently a more modern and competitive economy. Finally, some measures for business services’ development are suggested in regards of the specificity of the Bulgarian economy at this stage. The overall point of these measures is to stimulate the development of business services in Bulgaria, but also to reinforce the mutual links between these knowledge-intensive activities and the performance of other economic sectors in general.

Suggested Citation

  • Desislava Kolarova, 2006. "Microeconomic Aspects in Business Services’ Development: the Case of Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 90-119.
    • Handle: RePEc:bas:econst:y:2006:i:2:p:90-119
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • L89 - Industrial Organization - - Industry Studies: Services - - - Other
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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