IDEAS home Printed from https://ideas.repec.org/a/vra/pr1712/y2017i1p118-129.html
   My bibliography  Save this article

Factor Productivity and Economic Growth in Bulgaria

Author

Listed:
  • Stela Raleva

    (University of National and World Economy)

Abstract

The paper studies empirically the impact of factor productivity on the economic growth in Bulgaria. It examines the relationship between growth of the average labor productivity and real GDP growth measured through their rates on a chain basis. By applying the growth accounting approach, the range of impact of total factor productivity on the realized rates of economic growth is calculated. On the basis of the empirical investigation a conclusion is reached that real GDP growth for a period as a whole was under the positive and changeable over time impact of total factor productivity, which, except for 2006 - 2007 and 2014, was stronger than the total impact from developments in capital and labor. A negative effect is observed in 2009, and it was higher compared to the consequences from the dynamics in the rest of supply-driven factors. The effects from developments of the factor productivity are most pronounced in the beginning, in the middle and in the end of the period, when they exceed the two effects of capital and labor.

Suggested Citation

  • Stela Raleva, 2017. "Factor Productivity and Economic Growth in Bulgaria," Economy and Economic Theory: Problems and Interactions, Conference Proceedings 2017, Department of Economics, University of Economics - Varna, issue 1, pages 118-129, December.
  • Handle: RePEc:vra:pr1712:y:2017:i:1:p:118-129
    as

    Download full text from publisher

    File URL: http://conference.ue-varna.bg/oit/files/sbornik/10-Stela%20Raleva.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    production function; average labor productivity; total factor productivity; economic growth;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vra:pr1712:y:2017:i:1:p:118-129. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hristo Mavrov or Pavel Petrov (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.