Use of Input-Output Tables in the Analysis of Structural Changes: The Case of Bulgaria

CERT Working Paper No. DP98/13

30 Pages Posted: 19 May 1999

See all articles by Rossen Rozenov

Rossen Rozenov

International Monetary Fund (IMF)

Date Written: October 1998

Abstract

This paper addresses issues related to the process of restructuring of the Bulgarian economy during the transition period. The analysis, based on the use of input-output tables, reveals various aspects of economic activity in their interconnection. As the economy evolves over time the structure of output changes, reflecting both the changing pattern of demand and advances in technology. Shifts in production in turn influence employment and wages and therefore have important implications for economic policy. The assessment of the impact of the structural changes on economic development is particularly relevant to the case of Bulgaria as the country has recently come out of deep recession, combined with high inflation and interest rate volatility. A new stabilization program was introduced in the middle of 1997, the cornerstone of which was the currency board arrangement. A number of measures in the area of trade and price liberalization were undertaken. Though some adjustment has already taken place, the major restructuring of the economy is still to come as a result of the anticipated large-scale privatization and liquidation of non-viable enterprises.

JEL Classification: D57, O11

Suggested Citation

Rozenov, Rossen, Use of Input-Output Tables in the Analysis of Structural Changes: The Case of Bulgaria (October 1998). CERT Working Paper No. DP98/13, Available at SSRN: https://ssrn.com/abstract=142352 or http://dx.doi.org/10.2139/ssrn.142352

Rossen Rozenov (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
355
Abstract Views
1,788
Rank
153,704
PlumX Metrics