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Bulgarian Exports In The Context Of Euro Area Debt Crisis

Author

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  • VIKTOR DINEV

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

Granger causality test is used with variables Euro area GDP, GDP of Bulgaria and exports of the country. The testing is made with two samples of data to confirm the hypothesis in the paper that the Euro area debt crisis is affected negatively the economy of Bulgaria and limited the economic growth, due to violated relationships between Euro area GDP, GDP of Bulgaria and Bulgaria’s exports, as well as to confirm the thesis in the research - the need to diversify Bulgaria’s export markets.

Suggested Citation

  • Viktor Dinev, 2016. "Bulgarian Exports In The Context Of Euro Area Debt Crisis," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 4(2), pages 268-286.
  • Handle: RePEc:neo:epjour:v:4:y:2016:i:2:p:268-286
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    More about this item

    Keywords

    foreign trade of Bulgaria; export-oriented growth model; Euro area debt crisis; Granger causality test;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • G01 - Financial Economics - - General - - - Financial Crises
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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