Dimensions and Projections of Economic Growth in Bulgaria, the European Union and the World
DOI:
https://doi.org/10.37075/RP.2025.1.12Keywords:
Growth indicators, Chain and base rates of GDP, Economic growth in Bulgaria, The EU and the world, Economic growthAbstract
The main goal of the analysis in the article is to reveal and justify the relationship between basic and alternative concepts of growth, on the one hand, and the possibilities for applying different methods of analysis and measures of economic growth, on the other hand. The necessity and the possibility of applying some short-term mathematical-statistical methods to the long-term periods and dynamics of growth are proved. In this regard, the dynamics of GDP in Bulgaria, the European Union and the world in the period 1980 – 2020 were studied. It is concluded that short-term methods (for example chain rates) complement summaries of the application of long-term methods (basic rates), specific features are derived and specified, knowledge of the nature of macroeconomic dynamics is enriched. The report applies the methods of analysis and synthesis, mathematical and statistical methods, as well as methods of descriptive analysis.References
National Statistical Institute (2025). Statistical Data. URL: https:// nsi.bg (accessed 2024-09-21)
Mirkovich, K. (2001). Macroeconomics. Trakia-M.
Mirkovich, K. (2012). Dynamics of the Economic System. Sofia: UNWE Publishing Complex.
Pirimova, V. (2001). Growth, Cyclical Nature, and Conjuncture. University Publishing House "Stopanstvo".
Krelle, W. (1988). Theorie des wirtschaftlichen Wachstums. Berlin Heidelberg: Springer-Verlag. DOI: https://doi.org/10.1007/978-3-662-10442-2
Kuznets, S. (1971). Modern Economic Growth: Findings and Reflections. Lecture to the memory of Alfred Nobel, December 11. URL: http:// www.nobelprize.org/nobel_prizes/economics/laureates/1971/kuznets-lecture.html (accessed 2024-09-21)
Kuznets, S. (1971). Economic Growth of Nations: Total Output and Production Structure. Belknap Press of Harvard University Press (First Edition). DOI: https://doi.org/10.4159/harvard.9780674493490
Kuznets, S. (1966). Modern Economic Growth: Rate, Structure, and Spread. Yale University Press. DOI: https://doi.org/10.2307/2229582
World Bank (2025). World Bank Open Data. URL: https://www. worldbank.org (accessed 2024-12-21)
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Vera Pirimova (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright to their works.
All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.
