Description: Bulgaria : The Road to Successful EU integration, The Policy Agenda, A Country Economic Memorandum

Bulgaria : The Road to Successful EU integration, The Policy Agenda, A Country Economic Memorandum

As Bulgaria approaches European Union accession, it has the opportunity to narrow the income gap, and raise productivity and investment, and set the economy on a higher growth path. To address these challenges and accelerate convergence with the European Union, this report proposes a reform agenda f...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ABSENTEEISM ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAMS AGGREGATE DEMAND AGRICULTURE AUTOREGRESSION AVERAGE WAGES BANKING SUPERVISION CAPITAL ACCUMULATION CAPITAL INFLOWS CAPITAL STOCK COMMERCE COMPETITIVE PRESSURES COMPETITIVENESS CONSUMER GOODS CONSUMER PRICE CONSUMER PRICE INDICES CONSUMERS CONTRACT ENFORCEMENT CONVERGENCE CURRENCY BOARD DEBT DOMESTIC COMPETITION DOMESTIC CONSUMERS DOMESTIC FIXED INVESTMENT DOMESTIC INVESTMENT DOMESTIC MARKET DOMESTIC MARKETS DRIVERS ECONOMIC PERFORMANCE EXPENDITURE EXPENDITURES EXPORT MARKETS EXPORT PERFORMANCE EXPORTS EXTERNAL MARKETS FACTOR MARKETS FINANCIAL SECTOR FIRM LEVEL FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN MARKETS GDP GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH PATH GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME DIFFERENCES INCOME LEVELS INFLATION INFORMAL ECONOMY INFORMAL SECTOR INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT FLOWS INVESTMENT INTEGRATION INVESTMENT RATE INVESTOR CONFIDENCE LABOR ADJUSTMENT LABOR CONTRACTS LABOR COST LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET PERFORMANCE LABOR MARKET POLICIES LABOR MARKETS LABOR PRODUCTIVITY LABOR-INTENSIVE ACTIVITIES LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET SUPPLY MEMBER STATES MONETARY INTEGRATION NET EMPLOYMENT PAYROLL TAXES PER CAPITA INCOME PERFORMANCE INDICATORS POLICY REFORM POLITICAL ECONOMY POTENTIAL OUTPUT PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRODUCER PRICE PRODUCER PRICE INDEX PRODUCTIVE ACTIVITIES PRODUCTIVITY GAP PRODUCTIVITY GROWTH PROTECTION SYSTEM PUBLIC EXPENDITURE PUBLIC SECTOR PUBLIC WORKS PURCHASING PURCHASING POWER REALLOCATING RESOURCES REFORM PROGRAM REGIONAL DEVELOPMENT REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REGIMES RETAIL RETAIL TRADE SALES STANDARD OF LIVING STATISTICAL ANALYSIS STRUCTURAL REFORMS SURPLUS TELECOMMUNICATIONS TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY TRADE INTEGRATION TRADE PERFORMANCE TRADE POLICIES TRADE POLICY TRADE UNION TRANSITION ECONOMIES TRANSPORT COSTS TROUGH UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATE UNION REPRESENTATIVES UNSKILLED LABOR VALUE ADDED WAGES WORKER WORKERS WORLD ECONOMY WTO
Online Access:	http://documents.worldbank.org/curated/en/2005/11/6528063/bulgaria-road-successful-eu-integration-policy-agenda-country-economic-memorandum http://hdl.handle.net/10986/8396

Description
Summary:	As Bulgaria approaches European Union accession, it has the opportunity to narrow the income gap, and raise productivity and investment, and set the economy on a higher growth path. To address these challenges and accelerate convergence with the European Union, this report proposes a reform agenda focused on five areas: productivity and growth, trade and investment integration, public expenditure policy, labor market adjustment, and the regulatory and institutional framework. Chapter 1 focuses on stability, growth dynamics, and integration. The analysis of these three fundamental dimensions over time is complemented with cross-country comparisons. Chapter 2 examines the foundations of Bulgaria's growth performance over the last several years in terms of the drivers of growth, intra-sectoral restructuring, growth accounting, and potential output growth. Trade policy, trade and FDI dynamics, and recent trends in trade performance are examined in Chapter 3, while Chapter 4 discusses the reforms needed in public expenditure policies to support deepening trade integration. Chapter 5 covers labor market performance and labor market policies and institutions. In Chapter 6, selected dimensions of the institutional framework for growth and competitiveness are examined, and Chapter 7 discusses macroeconomic policies aimed at addressing risks and vulnerabilities and supporting progress in monetary integration. Finally, Chapter 8 presents a summary of the main conclusions drawn from the report.

Bulgaria : The Road to Successful EU integration, The Policy Agenda, A Country Economic Memorandum

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