World Bank2012-06-122012-06-122008-10https://hdl.handle.net/10986/7867Sustained improvements in living standards depend on broad-based economic growth. This will only take place when firms improve worker productivity by investing in human and physical capital and increasing their technological capacity. But firms will only invest when the investment climate is favorable. The goal of the Bulgaria Investment Climate Assessment (ICA) is to evaluate the investment climate in all its operational dimensions and to promote policies to strengthen the private sector. The ICA is largely based on results from the World Bank Enterprise Survey. The 1,000-firm survey was conducted in late 2007 and collects detailed information on firm performance, what managers see as the main obstacles that they face, and objective data on various aspects of the investment climate. Additional sources of information are used to supplement the survey data, including the World Bank's Doing Business Report, a study that provides detailed, comparable data on regulation across the world, data from the National Statistical Institute, and reports from the Government of Bulgaria, the World Bank, the International Monetary Fund, the European Union, academics, and other sources.en-USCC BY 3.0 IGOACCESS TO CREDITAGRICULTUREAVAILABLE LOANAVERAGE EDUCATION LEVELBANK LOANBANK LOANSBANKSBOOK VALUEBUYERSCALCULATIONCALCULATIONSCOLLATERALCOMPANYCOMPETITIVE PRESSURECOMPETITORSCONSTANT RETURNS TO SCALECONSUMERSCURRENCYDOMESTIC MARKETECONOMETRIC ANALYSISEMPLOYMENTEMPLOYMENT GROWTHEMPLOYMENT PROMOTIONEXCHANGE RATEEXCHANGE RATE FLUCTUATIONSEXOGENOUS VARIABLESEXPORT MARKETSEXPORTSFINANCIAL MARKETSFINANCIAL SECTORFIRING COSTSFIRM GROWTHFIRM LEVELFIRM PERFORMANCEFIRM PRODUCTIVITYFIRM SIZEFIRMSFIXED COSTSFOREIGN MARKETSFOREIGN OWNERSHIPFOREIGN-OWNED FIRMSFORMAL EDUCATIONGOVERNMENT REGULATIONSGROWTH RATEHIGH SECURITYHUMAN CAPITALINCOMEINDUSTRIAL RELATIONSINFORMAL SECTORINFORMATION TECHNOLOGYINNOVATIONINTERNATIONAL MARKETSINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT CLIMATE ASSESSMENTSINVESTMENT DECISIONSLABOR CONTRACTSLABOR COSTLABOR COSTSLABOR LEGISLATIONLABOR MARKETSLABOR PRODUCTIVITYLABOR REGULATIONLABOR REGULATIONSLARGE FIRMSLIABILITYLICENSINGLIFE-LONG LEARNINGLIQUIDITYLOANLOCAL CURRENCYMANUFACTURERSMAXIMUM LIKELIHOOD ESTIMATIONMICROENTERPRISESNATIONAL INSURANCEON-THE-JOB TRAININGORGANIZATIONAL PERFORMANCEPREVIOUS SECTIONPREVIOUS STUDIESPRIVATE SECTORPROBABILITYPROBIT REGRESSIONSPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTION PROCESSPRODUCTION PROCESSESPRODUCTION WORKERSPRODUCTIVITY DATAPRODUCTIVITY IMPROVEMENTSREGRESSION ANALYSISREGULAR CONTRACTSREGULATORY BURDENRETAIL TRADESALARYSALESSENIORSERVICE SECTORSERVICE SECTORSSHOPSSIZE OF FIRMSKILL SHORTAGESSKILLS DEVELOPMENTSMALL ENTERPRISESSMALL FIRMSSMALLER FIRMSSOCIAL INSURANCESUPPLIERSTAX RATESTEMPORARY WORKERSTOTAL FACTOR PRODUCTIVITYTOTAL WORKERSTRADE BARRIERSTRAINING FIRMSTRAINING PROGRAMTYPE OF LOANUNSKILLED LABORUNSKILLED WORKERSVALUE ADDEDWAGEWAGESWORKERWORKER PRODUCTIVITYWORKERSWORKING CAPITALWorld Bank10.1596/7867