The Openness of the Economy as a Dynamic Process

Oeconomica, Vol. 2, No. 1, pp. 519-623, 2008

5 Pages Posted: 9 May 2011 Last revised: 12 Jun 2014

See all articles by Ivan Iliev

Ivan Iliev

University of Economics - Varna

Georgi Marinov

University of Economics - Varna

Date Written: September 7, 2008

Abstract

The issue of the openness of the economy is becoming more important recently, especially given the development of global economy in last years and months. As openness is to be regarded as a dynamic process, flexible in both directions, problems with the visions for the openness arise with time, especially for transitional economies, given the fragility of their markets. In applying some econometric methods on external trade data we aim to shed some light on the dynamics of the openness of the economy of Bulgaria after 2000.

Keywords: open economy, Grubel-Lloyd index, transitional economy

JEL Classification: F14, F41, O11, O52, P23

Suggested Citation

Iliev, Ivan and Marinov, Georgi, The Openness of the Economy as a Dynamic Process (September 7, 2008). Oeconomica, Vol. 2, No. 1, pp. 519-623, 2008, Available at SSRN: https://ssrn.com/abstract=1834525

Ivan Iliev

University of Economics - Varna ( email )

77 Knyaz Boris the 1st Blvd
Varna, 9000
Bulgaria

Georgi Marinov (Contact Author)

University of Economics - Varna ( email )

77, Kniaz Boris I Blvd.
Varna, 9002
Bulgaria
++359882164842 (Phone)

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