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Decomposition of economic growth in Bulgaria by industry

Author

Listed:
  • Stanislav Ivanov
  • Craig Webster

Abstract

Purpose - The aim of this paper is to present a methodology for the decomposition of economic growth by industry which allows interindustry comparisons. Design/methodology/approach - The paper uses the growth decomposition methodology developed by Ivanov and Ivanov and Webster for tourism and generalizes it for all industries in the national economy. Findings - The methodology is exemplified with analysis of the contribution of specific industries to economic growth in Bulgaria for the period 2000‐2005. However, the model presents an approach that is general and can be applied to other countries and industries. Research limitations/implications - The methodology identifies the direct impacts of specific industries on the per capita growth of real gross domestic product/gross value added. Future research might integrate indirect and induced effects in the analysis. The methodology could be further refined by decomposing the gross domestic product/gross value added to their constituent elements. Practical implications - The paper identifies the industries in the Bulgarian economy that generate economic growth. Originality/value - The paper introduces a new methodology for measuring the contribution of specific industries to economic growth. It might be of value to both academics and macroeconomic policy makers.

Suggested Citation

  • Stanislav Ivanov & Craig Webster, 2010. "Decomposition of economic growth in Bulgaria by industry," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 37(2), pages 219-227, May.
    • Handle: RePEc:eme:jespps:v:37:y:2010:i:2:p:219-227
    DOI: 10.1108/01443581011043609
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    Citations

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    Cited by:

    1. Constantinos Katrakilidis & George Konteos & Nikolaos Sariannidis & Chrysi Manolidou, 2017. "Investigation of Convergence in the Tourist Markets of Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 707-729.
    2. Webster, Craig & Ivanov, Stanislav, 2014. "Transforming competitiveness into economic benefits: Does tourism stimulate economic growth in more competitive destinations?," Tourism Management, Elsevier, vol. 40(C), pages 137-140.
    3. Stanislav H. Ivanov & Craig Webster, 2013. "Tourism's Contribution to Economic Growth: A Global Analysis for the First Decade of the Millennium," Tourism Economics, , vol. 19(3), pages 477-508, June.
    4. Carmen María Llorca-Rodríguez & Amalia Cristina Casas-Jurado & Rosa María García-Fernández, 2016. "The Regional Polarization of Tourism's Contribution to Economic Growth in Peru: Alternative Solutions," Tourism Economics, , vol. 22(2), pages 397-415, April.
    5. Nguyen Ho Minh Trang & Nguyen Huu Chau Duc & Nguyen Tien Dung, 2014. "Research Note: Empirical Assessment of the Tourism-Led Growth Hypothesis — The Case of Vietnam," Tourism Economics, , vol. 20(4), pages 885-892, August.
    6. Jolanda Hessels & Peter van der Zwan & Mark Sanders, 2013. "Entrepreneurial activity, industry orientation, and economic growth," Scales Research Reports H201307, EIM Business and Policy Research.
    7. Svetlana Gurieva & Irina Kuznetsova & Ekaterina Yumkina & Sergey Manichev & Elena Sidorenko, 2017. "Emotional Intelligence and Behavior Styles of Russian Middle Managers in Business Communication," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 679-693.
    8. Juan Gabriel Brida & Martín Alberto Rodríguez-Brindis & María Leivy Mejía-Alzate & Sandra Zapata-Aguirre, 2017. "La contribución directa del turismo al crecimiento económico de Colombia: Análisis por ramas características del sector utilizando la Cuenta Satélite de Turismo - CST," Revista de Estudios Regionales, Universidades Públicas de Andalucía, vol. 2, pages 121-138.
    9. Rosenkranz, Lydia & Seintsch, Björn & Dieter, Matthias, 2015. "Decomposition analysis of changes in value added. A case study of the sawmilling and wood processing industry in Germany," Forest Policy and Economics, Elsevier, vol. 54(C), pages 36-50.

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