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Structural Convergence of the Labour Productivity of the Bulgarian Economy with the Euro Area

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  • Silvia Gospodinova

Abstract

The study analyzes the process of convergence of labour productivity (LP) of the Bulgarian economy to the Eurozone for the period 2000-2022. With the help of descriptive and beta and sigma convergence analysis, the dynamics of this indicator are examined and it is compared with the CEE countries. The quantitative analysis of the convergence process was carried out using an index of difference and a divergence index, which were again compared with the values of the CEE countries and the Eurozone. The results show a slow process of convergence of the LP of the Bulgarian economy with that of the Eurozone, which continues throughout the period under review, although there are also moments of slight fluctuations.

Suggested Citation

  • Silvia Gospodinova, 2025. "Structural Convergence of the Labour Productivity of the Bulgarian Economy with the Euro Area," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 98-123.
    • Handle: RePEc:bas:econst:y:2025:i:4:p:98-123
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    File URL: https://archive.econ-studies.iki.bas.bg/2025/2025_04/2025_04_06.pdf
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    More about this item

    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
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic 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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