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Economic Growth and Competitiveness of Small and Middle-Sized Enterprises (SMEs)


  • Raya Madgerova


This paper is a study of the potential of Bulgarian small and middle-sized enterprises (SMEs) for growth and improving their competitive advantages on domestic and international markets. To this end an analysis of the main economic indicators as well as some hidden reserves for improving the latter are presented. The conditions and factors affecting the solutions to the above issues and some requirements to management are identified and assessed. The reasons for SMEs having fallen behind are given as well as some recommendations and guidelines to solve that problem.

Suggested Citation

  • Raya Madgerova, 2003. "Economic Growth and Competitiveness of Small and Middle-Sized Enterprises (SMEs)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 65-88.
  • Handle: RePEc:bas:econth:y:2003:i:5:p:65-88

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    References listed on IDEAS

    1. de Mello, Luiz Jr, 2000. "Fiscal Decentralization and Intergovernmental Fiscal Relations: A Cross-Country Analysis," World Development, Elsevier, vol. 28(2), pages 365-380, February.
    2. Bird, Richard M., 1993. "Threading the Fiscal Labyrinth: Some Issues in Fiscal Decentralization," National Tax Journal, National Tax Association, vol. 46(2), pages 207-27, June.
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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance


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