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Macroeconomic Challenges for the Transition to the Economy 4.0 in Bulgaria

Author

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  • Dimitar Zlatinov

    () (Faculty of Economics and Business Administration, Sofia University St. Kliment Ohridski, Sofia, Bulgaria)

Abstract

The paper examines changes in the Bulgarian economy following the global financial and economic crisis of 2008 that affect the macroeconomic environment for making the transition to the Economy 4.0. The main identified obstacles to sustainable technological economic growth are subdued investments and still low credit activity, high intercompany indebtedness, and relatively low levels of personal income. Meanwhile, the ongoing structural change in employment, increase in numbers and in share within overall production of the IT and research companies, and growing export opportunities may have a positive effect on the digitalization of Bulgarian economy.

Suggested Citation

  • Dimitar Zlatinov, 2018. "Macroeconomic Challenges for the Transition to the Economy 4.0 in Bulgaria," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 155-163, July.
  • Handle: RePEc:nwe:natrud:y:2018:i:3:p:155-163
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/9992
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    More about this item

    Keywords

    economic growth; investment activity; labour market conditions; digitalization; financial intermediation;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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