European Parliament Library

Bulgaria :, Selected Issues

Bulgaria’s potential output growth in future could be markedly lower, and it may take considerable time for the excess labor and resources to be absorbed by other sectors, in particular by the export sector. This suggests that the natural level of rate of unemployment will rise and remain higher, and the full employment level is likely to decline. There is a requirement of significant improvements in labor productivity and competitiveness, as well as reforms to further improve labor mobility and participation
Table Of Contents
Cover; Contents; I. Estimating Potential Growth and Output Gaps in an Emerging Economy: The Case of Bulgaria; A. Introduction; B. The Method; Estimating Potential GDP Growth; Tables; I.1. Estimate of Capital Stock, 2000-09; I.2. Sources of Growth, 2001-09; Potential Growth 2009-15; Figures; I.1. Employment Growth and Sectoral Contributions; Estimating Output Gaps; I.3. Estimates of Potential Output Growth, 2009-15; C. Conclusions; I.2. Estimates of Output Gaps based on the HP Filter; I.3. Potential Output, Growth, and Output Gaps (based on gap = 0 in 2005)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (79 p.)
Specific Material Designation
Form Of Item

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