Bulgarian economy as a producer of intermediate goods for the European Union
Relevance of research topic. In conditions of globalization, the economic development of a country depends a lot on its relations with the rest of the world. When using economic indicators, including the "foreign trade balance" one, their correct interpretation is of particular importance....
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| Format: | Article |
| Language: | English |
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Hryhorii Skovoroda University in Pereiaslav
2021-03-01
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| Series: | Економічний вісник університету |
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| Online Access: | https://economic-bulletin.com/index.php/journal/article/view/743 |
| _version_ | 1818718028857081856 |
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| author | Sabrina Kalinkova |
| author_facet | Sabrina Kalinkova |
| author_sort | Sabrina Kalinkova |
| collection | DOAJ |
| description | Relevance of research topic. In conditions of globalization, the economic development of a country depends a lot on its relations with the rest of the world. When using economic indicators, including the "foreign trade balance" one, their correct interpretation is of particular importance. Formulation of the problem. The research interest should be focused not only on the volume of exports and imports in monetary terms, but also on its structure. It is a question of what production (goods and services) the Bulgarian economy exports (respectively imports), as well as where it exports (from where the Bulgarian economy imports). Setting the task, the purpose of the study. This report aims to present the Bulgarian economy in its role of producer and supplier of intermediate products for the countries of the European Union. Method or methodology for conducting research. The study is based on the use of the input-output model and in particular the symmetric input-output tables provided by the World Input-Output Database. Presentation of the main material (results of work). This report presents the results of the study of volume and structure of exports of the Bulgarian economy as a producer and supplier of intermediate goods, directed to the countries of the European Union. The interactions with the following countries were analyzed: Austria, Belgium, Germany, Denmark, Spain, France, Great Britain, Greece, Italy, the Netherlands, Poland, and Romania. Some of the member states of the European Union are not included. The reason for this is the lack of interactions between them and the Bulgarian economy, based on the provision of intermediate products. Conclusions according to the article. The study presents only one aspect of the foreign economic relations that take place between Bulgaria and the European Union. For the most part, the relations between Bulgaria and the other economies in the European Union are based mainly on industries related to the supply of resources. Services and products with a final degree of readiness are provided to a much lesser extent. |
| first_indexed | 2024-12-17T19:44:32Z |
| format | Article |
| id | doaj.art-59bd0c47ba944396a467925abcfd3011 |
| institution | Directory Open Access Journal |
| issn | 2306-546X 2414-3774 |
| language | English |
| last_indexed | 2024-12-17T19:44:32Z |
| publishDate | 2021-03-01 |
| publisher | Hryhorii Skovoroda University in Pereiaslav |
| record_format | Article |
| series | Економічний вісник університету |
| spelling | doaj.art-59bd0c47ba944396a467925abcfd30112022-12-21T21:34:54ZengHryhorii Skovoroda University in PereiaslavЕкономічний вісник університету2306-546X2414-37742021-03-01489710210.31470/2306-546X-2021-48-97-102743Bulgarian economy as a producer of intermediate goods for the European UnionSabrina Kalinkova0University of National and World EconomyRelevance of research topic. In conditions of globalization, the economic development of a country depends a lot on its relations with the rest of the world. When using economic indicators, including the "foreign trade balance" one, their correct interpretation is of particular importance. Formulation of the problem. The research interest should be focused not only on the volume of exports and imports in monetary terms, but also on its structure. It is a question of what production (goods and services) the Bulgarian economy exports (respectively imports), as well as where it exports (from where the Bulgarian economy imports). Setting the task, the purpose of the study. This report aims to present the Bulgarian economy in its role of producer and supplier of intermediate products for the countries of the European Union. Method or methodology for conducting research. The study is based on the use of the input-output model and in particular the symmetric input-output tables provided by the World Input-Output Database. Presentation of the main material (results of work). This report presents the results of the study of volume and structure of exports of the Bulgarian economy as a producer and supplier of intermediate goods, directed to the countries of the European Union. The interactions with the following countries were analyzed: Austria, Belgium, Germany, Denmark, Spain, France, Great Britain, Greece, Italy, the Netherlands, Poland, and Romania. Some of the member states of the European Union are not included. The reason for this is the lack of interactions between them and the Bulgarian economy, based on the provision of intermediate products. Conclusions according to the article. The study presents only one aspect of the foreign economic relations that take place between Bulgaria and the European Union. For the most part, the relations between Bulgaria and the other economies in the European Union are based mainly on industries related to the supply of resources. Services and products with a final degree of readiness are provided to a much lesser extent.https://economic-bulletin.com/index.php/journal/article/view/743bulgarian economyeuropean unionintermediate productsexportimportsectors of the economy |
| spellingShingle | Sabrina Kalinkova Bulgarian economy as a producer of intermediate goods for the European Union Економічний вісник університету bulgarian economy european union intermediate products export import sectors of the economy |
| title | Bulgarian economy as a producer of intermediate goods for the European Union |
| title_full | Bulgarian economy as a producer of intermediate goods for the European Union |
| title_fullStr | Bulgarian economy as a producer of intermediate goods for the European Union |
| title_full_unstemmed | Bulgarian economy as a producer of intermediate goods for the European Union |
| title_short | Bulgarian economy as a producer of intermediate goods for the European Union |
| title_sort | bulgarian economy as a producer of intermediate goods for the european union |
| topic | bulgarian economy european union intermediate products export import sectors of the economy |
| url | https://economic-bulletin.com/index.php/journal/article/view/743 |
| work_keys_str_mv | AT sabrinakalinkova bulgarianeconomyasaproducerofintermediategoodsfortheeuropeanunion |