Milen Velushev

Milen Velushev
Sofia University "St. Kliment Ohridski" · Department of Economics

Ph.D.

About

22
Publications
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8
Citations

Publications

Publications (22)
Article
Full-text available
The main objective of this article is to examine the existence of a relationship between the shadow economy and macroeconomic factors of production. Based on a dataset of 50 countries over the period from 1991 to 2015, we find that the size of the shadow economy is inversely related to all three macroeconomic production factors - labour, capital st...
Article
Full-text available
The article attempts to analyze the economic aspects of the crisis caused by the global pandemic COVID 19. The complex of economic factors and consequences and especially the uncertainty about the duration of the pandemic make unpredictable the exact economic effect on the Bulgarian economy. At this stage, there are different estimates depending on...
Article
Full-text available
The reform of the secondary education is among the declared priorities of the present state government so the public witnesses a great effort in terms of multiple amendments of the regulatory arrangement and of the organization of the pre-school and school education system. One of the most important steps in this endeavor is the attempt to achieve...
Book
Full-text available
This research addresses two problems and the connection between them. Firstly, it reviews the behavior of inward foreign direct investments (FDI) by widening the analysis of their motives to enter a given host country with the use of profit functions in order to argue that the presence of market failures in the host country can help increase the ra...
Article
Full-text available
The significant theories in the study of the relationship between inward FDI and GDP are examined, taking into account the importance of multinational companies being heterogeneous firms for the economic development of the host country. The conclusion is reached that a universal model cannot be applied, and therefore a specific model is created bas...
Book
Настоящото изследване е инспирирано от множеството инициативи на павителството за реформа в системата на образованието в България. То си поставя за цел да направи комплексен икономически анализ на ефективността на създадените формални правила и да отговори на въпроса, как съществуващата система може да бъде подобрена. За да бъде постигната тази це...
Article
Full-text available
Понастоящем темата за необходима промяна в системата на висшето образование в България все по-често се поява в обществените дискусии. Затова днес, по-малко от две години до края на срока на стратегията за развитие на висшето образование в Р. България за периода 2014- 2020г., е подходящото време да прегледаме нейното съдържание, изпълнение и ефект и...
Article
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По-малко от две години ни делят от изтичането на срока за постигане на посочените в Стратегия „Европа 2020“ и в Стратегията за развитие на висшето образование в България в периода 2014 – 2020 г. резултати, свързани с висшето образование в България. Но в момента няма основание за оптимизъм в това отношение, защото системата на висшето образование пр...
Article
Full-text available
Напоследък различни органи на държавата публично декларират желание за промени в съществуващия начин на държавно финансиране на държавните висши училища, с цел подобряване на качеството на знанията на завършващите висшисти и тяхната полезност за утрешната икономика. Затова сега е най-подходящият момент да се обсъди досегашната практика за държавно...
Conference Paper
Full-text available
The purpose of this report is to point out one of the probable reasons why the so desired catching-up economic growth is not happening. The problem with respecting the Community Law by the State and the ineffective local legal system to sanction probable breach is traditionally neglected, but it is highly probable that this is the general impedimen...
Article
Full-text available
As an EU member state, it has become an imperative for Bulgaria to fit in the economic structure of the European Union. In order to promote economic growth, the Union assigned member-states with the task to identify the advantages which will enable them to specialize in the production of goods and services with high added value. Specialization will...
Article
Full-text available
Четири години след решението на Управителния съвет на Българската народна банка да постави Корпоративна и търговска банка АД в специален надзор, икономиката на страната все още се справя с последствията. Съществуват доказателства, че реакцията на Държавата на предполагаемата неплатежоспособност на търговската банка е довела до загуба на обществено...
Article
Full-text available
Целта на това изследване е да изясни доколко тази Стратегия отразява реалните въз-можности на местната икономика да повиши добавената стойност пос-редством иновации в конкретни, посочени в горния документ, техноло-гични области. Резултатите разкриват, че авторите на Иновацион-ната стратегия не са следвали логиката на Европейската комисия и на Орган...
Article
Full-text available
When analyzing the economic development theory of FDI host countries, one realizes that certain dualism exists in the motives of the investor to become part of international production- on one hand there is the outcome of higher productivity of the production factors and on the other- monopoly profits, resultant from market concentration. Dualism e...
Article
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Връзката на входящите преки чуждестранни инвестиции (ПЧИ) с националната конкурентоспособност на страната домакин е обект на сравнително малко изследвания. ПЧИ са безспорен фактор за икономическия растеж, заради влиянието си върху нормата на инвестиране, но ролята им за постигнатото ниво на производителност, особено в страни домакини, различни от т...
Article
Full-text available
The Bulgarian economy has consistently ranked as one of the last among the EU countries regarding national competitiveness and factor productivity. Currently, its growth is modest and cannot qualify as a catch-up. A number of analyses have been dedicated to this topic, the results indicating various qualitative and quantitative factors or their agg...
Article
Full-text available
The contemporary research does not pay much attention to the particularities of the relationship between inward FDI and the economic growth of a host country other than a developed one. The fact is that the FDI flow to such countries grows steadily. It is clear that the study of the influence of FDI for the economic growth of those host countries i...
Conference Paper
Full-text available
This study divides the inward FDI into two major groups in order to measure their impact on the host country’s competitiveness – FDI in the tradable and FDI in the non-tradable sector. The division is based on the assumption that FDI in those two different groups affect differently national competitiveness in terms of productivity. This leads to th...
Article
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The paper reviews the question about the role and the significance of the macroeconomic analysis of inward Foreign Direct Investments beyond the homogeneous aggregate, but as inflows financing different economic activities. The purpose is to discuss the features of the FDI structure as well as the changes in it, that happened during the period, cov...
Article
Full-text available
Bulgarian economy continues to exhibit inability to attain fast economic growth. The cause is the lack of economic policy that will define the engine of economic growth and will ensure its functioning. In the case of small open economies the road to achieving catching-up growth passes through development of export oriented industries. The successfu...
Article
Full-text available
Inward FDI in Bulgarian economy play key role for the economic growth and formation of the economic structure. During the studied period 1990- 2010 Inward FDI are instrumental for the startup of the postsocialist economy trough partaking in the industry privatization. As a result of the Bulgarian banking crisis, FDI acquired almost whole of the ban...
Article
Full-text available
The review of the dynamics of the volume and quality of inward FDI in Bulgarian economy demonstrates that the foreign investors are attracted more by the existing opportunities to dominate the inner market then the opportunity to use existing specialization of the host country in the production of certain tradable goods and services. This observati...

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