Publication:
Bulgaria's Integration into the Pan-European Economy and Industrial Restructuring

Simple item page
dc.contributor.authorKaminski, Bartlomiej
dc.contributor.authorNg, Francis
dc.date.accessioned2012-06-18T20:07:52Z
dc.date.available2012-06-18T20:07:52Z
dc.date.issued2006-03
dc.description.abstractThis paper looks at Bulgaria's industrial restructuring through the lenses of its evolving specialization in international division of labor and integration into international markets with a special emphasis on EU markets. Its major findings can be summarized as follows: (1) Developments in Bulgaria's exports, its major drivers and factor content, during the "second transition" following the 1996 crisis have become reminiscent of developments in the early 1990s in European transition economies that have stayed the reform course. (2) The evolution of Bulgaria's total exports in terms of factor intensities before the "second transformational" recession was a testimony to aborted economic reforms. It not only defied expectations derived from the experience of CEEC-10 economies and its production factor endowments but also dramatically increased the cost of adjustment to market conditions for the economy as a whole. (3) Exports of unskilled labor-intensive products continue towering over other exports even during the current expansionary phase. The composition of top performers in EU markets indicates the shift toward natural resource and capital-intensive products. Bulgaria's export offer in EU markets has begun shifting toward more processed goods, mostly products of electro-engineering sectors. Bulgarian producers have made significant strides in information communication technology products and automotive parts. Trade in parts and engineering products has displayed strong growth. The returns usually associated with liberal reforms, that is, gains in competitiveness combined with a shift toward products in line with the country's endowments in production factors began to surface only recently. In contrast to the period preceding the second transformational recession in 1996-97, gains in competitiveness derive from corporate and industrial restructuring and not from subsidies.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/03/6616034/bulgarias-integration-pan-european-economy-industrial-restructuring
dc.identifier.doi10.1596/1813-9450-3863
dc.identifier.urihttps://hdl.handle.net/10986/8340
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3863
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBUDGET CONSTRAINTS
dc.subjectCENTRAL PLANNING
dc.subjectCLOTHING EXPORTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE MARKETS
dc.subjectCOMPETITIVE PRESSURES
dc.subjectCOMPETITIVENESS
dc.subjectDEBT
dc.subjectECONOMIC POLICY
dc.subjectEXPORT BASKET
dc.subjectEXPORT EXPANSION
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SHARES
dc.subjectEXPORT SPECIALIZATION
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXPORTS OF GOODS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SECTOR
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN TRADE
dc.subjectGDP
dc.subjectGLOBAL MARKETPLACE
dc.subjectGLOBAL MARKETS
dc.subjectGROWTH RATE
dc.subjectHUMAN CAPITAL
dc.subjectINDUSTRIAL PRODUCTS
dc.subjectINDUSTRIAL RESTRUCTURING
dc.subjectINTERNATIONAL MARKETS
dc.subjectLABOR MARKETS
dc.subjectMACROECONOMIC CRISIS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMONOPOLY
dc.subjectOUTSOURCING
dc.subjectPATTERN OF TRADE
dc.subjectPREFERENTIAL MARKETS
dc.subjectPRICE LIBERALIZATION
dc.subjectPRODUCERS
dc.subjectPURCHASING POWER
dc.subjectRECESSION
dc.subjectREGIONAL INTEGRATION
dc.subjectSPECIALIZATION
dc.subjectTOTAL OUTPUT
dc.subjectTOURISM
dc.subjectTRADE DATA
dc.subjectTRADE IN GOODS
dc.subjectTRADE IN SERVICES
dc.subjectTRADE PERFORMANCE
dc.subjectTRANSITION ECONOMIES
dc.subjectUNSKILLED LABOR
dc.subjectVALUE OF EXPORTS
dc.subjectVALUE OF IMPORTS
dc.subjectWORLD MARKETS
dc.titleBulgaria's Integration into the Pan-European Economy and Industrial Restructuringen
dspace.entity.typePublication
okr.crossref.titleBulgaria's Integration Into The Pan-European Economy And Industrial Restructuring
okr.date.doiregistration2025-04-10T09:53:23.610657Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/03/6616034/bulgarias-integration-pan-european-economy-industrial-restructuring
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeTrade and Competitiveness
okr.guid747951468017334482
okr.identifier.doi10.1596/1813-9450-3863
okr.identifier.externaldocumentum000016406_20060223112530
okr.identifier.internaldocumentum6616034
okr.identifier.reportWPS3863
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/23/000016406_20060223112530/Rendered/PDF/wps3863.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicEconomic Theory and Research
okr.topicAgribusiness and Markets
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade
okr.topicMacroeconomics and Economic Growth
okr.topicRural Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps3863.pdf
Size:
525.63 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps3863.txt
Size:
229.68 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers