Stela Raleva

• Associate Professor PhD
• Associate Professor at Sofia University "St. Kliment Ohridski"

An early version of this paper was presented at the 3rd International Conference of ASECU, organised by the D.A. Tsenov Academy of Economics, May 11-14 2006, Bankya, Bulgaria. The paper studies the convergence of the GDP expenditure and production structures of Bulgaria and the Czech Republic with the EU. It is structured as follows: first, we anal...

The paper studies empirically the impact of labour on the economic growth in Bulgaria by applying the growth accounting approach. It examines the relationship between labour growth and real GDP growth measured through their rates on a constant and on a chain basis. The labour elasticity coefficient in the production function is calculated by substa...

The study represents an analysis of the Bulgarian GDP expenditure structure and its dynamics in the period 2000-2019. This structure is examined through two perspectives – its impact on economic growth in the short and long run, and its convergence with the one in the Eurozone. The relevance of structural convergence is interpreted in the context o...

The paper provides an analysis of the structural convergence of the Bulgarian and Romanian economies with the Eurozone, measured in terms of the convergence in the production, expenditure and income structures of the GDP. The interest in this subject matter is triggered by the future membership of the two countries in the Eurozone and its connectio...

Problems with adapting Bulgarian legal texts to match the recommendations of ECB

Study guide in Microeconomics

The paper aims to present a systematic arrangement of the most important methodological approaches to measuring the structural convergence and to study their main characteristics. Much attention is directed to the approach of identifying the catch-up process and the distributional approach which are related to the evaluation of the β and σ converge...

The paper represents a theoretical study of the structural convergence in the context of the European integration process. It gives an interpretation of this convergence in terms of dependences between structural changes and macroeconomic dynamics, as well as in terms of its relation to nominal and real convergences. The paper explains the importan...

The paper studies the structural characteristics of GDP and its dynamics in Bulgaria. It interprets the resulting perspectives for economic growth and measures the degree of structural convergence of the Bulgarian economy with the Eurozone. The empirical analysis leads to the conclusions that the level and the dynamics of GVA have been dominated by...

Convergence of the production structures of member economies is an important contributor to the synchronization of business cycles in the Eurozone and the effectiveness of the monetary policy of the European Central Bank. This paper explores the progress made by several of the newest EU members from Central and Eastern Europe in terms of the conver...

The paper studies empirically the impact of factor productivity on the economic growth in Bulgaria. It examines the relationship between growth of the average labour productivity and real GDP growth measured through their rates on a chain basis. By applying the growth accounting approach, the range of impact of total factor productivity on the real...

The paper defines the major problems in teaching macroeconomics at the basic level, related to the absence of a distinct principle of setting the courses’ structure, undervalued role of openness of the economy and unrealism of some fundamental macroeconomic principles. It contains specific recommendations for updating courses’ content in connection...

В доклада се изследва отражението на натрупването на капитал върху динамиката на реалния БВП в България, което се реализира, както чрез съвкупното предлагане, така и посредством съвкупното търсене. Реализирането на тази цел е свързано с решаването на две конкретни изследователски задачи. Първата от тях се изразява в проследяване на зависимостите ме...

The paper studies empirically the impact of labour on the economic growth in Bulgaria by applying the growth accounting approach. It examines the relationship between labour growth and real GDP growth measured through their rates on a constant and on a chain basis. The labour elasticity coefficient in the production function is calculated by substa...

The paper introduces a conceptual framework for an accounting of the municipal real property, and defines a respective system of indicators. The development of this framework is seen as an important prerequisite for the efficient property management. It aims to overcome the lack or poor accessibility of the information, and thus to ensure the succe...

The paper provides an assessment of the effectiveness of the use and management of municipal real property (MRP), using data gathered through 173 questionnaires, addressed to representatives of 39 municipalities in Bulgaria. The paper is structured as follows: The first section gives information about the municipalities and is based on the followin...

The paper analyzes the structural sources and characteristics of the inflation process in Bulgaria in different sections of the economy and of the consumer price index (CPI). It studies the behavior of the wage, the average labour productivity, as well as the existing between them dependencies by economic sectors, economic activities and some of th...

The paper studies the behavior of nominal and real wages, average labor productivity, the exchange rate of Bulgarian lev against the dollar, and the world price of oil. It examines the specific parameters of their change in the periods of high and moderate inflation, and outlines the peculiarities of their effects on price fluctuations. It is concl...

Изследвано е поведението на номиналната и реалната работна заплата, средната производителност на труда, валутния курс на лева и световната цена на петрола. Коментирани са спецификите в техните изменения в периодите на висока и умерена инфлация и са очертани своеобразните им отражения върху ценовата динамика. Формулирано е заключението, че увеличени...

In the last decades the organization and management of public sector institutions have become increasingly concerned with the issue of the efficient use of its resources. This paper explores the possibilities to use the multi-criteria analysis techniques for municipal real property management and the proposals regarding the indicators that will be...

The paper analyses SMEs competitiveness, innovation and knowledge networks using data gathered through a range of interactions with innovative SMEs including interviews and consultations with 50 innovative SMEs from a range of sectors in the region and a focus group with 8 managers of non-innovative SMEs. Survey results show that the region of Sout...

Подписаният през април 2005 г. Договор за присйединяване на България към Европейския съюз постави страната пред нови, сериозни предизвикателства - интензифициране на интеграционните процеси, оценка на капацитета за усвояване на европейски фондове, подготовка за присъединяване към еврозоната, разработка на стратегия за ускорено икономическо развитие...

In most decision making situations more than one criterion is involved and, as a consequence, confusion can arise if there is no logical and well structured decision-making process in place. The multi-criteria analysis (MCA) constitutes a tool that can help evaluate the relative importance of all criteria involved and reflect on their importance du...