Beleva, I, Jackman, Richard and Nenova-Amar, M (1995) The labour market in Bulgaria. CEP discussion paper; CEPDP0268 (268). Centre for Economic Performance, London School of Economics and Political Science, London, UK.
Full text not available from this repository.Abstract
The fall in output and employment, and the rise in unemployment, during the transition in Bulgaria have been exceptionally severe. This paper examines possible causes, including the role of the financial stabilisation package, collective bargaining and the excess wage tax, the gradual emergence of the private sector, and the unemployment benefit system. The paper concludes that economic activity in Bulgaria has been depressed relative to other transitional economies by weak export growth as a result of its unfortunate geographical location. On the supply side, there has been a continuing vulnerability to wage inflation resulting from the slow privatisation of state enterprises and the continuing political; strength of the trade unions. A small-scale private sector (some of it "informal") is flourishing, aided in part by the very restrictive unemployment benefit regime, but remains of secondary importance. A sustained recovery will depend both on a return to economic stability in neighbouring economies and on more determined domestic policies, in particular on privatisation, to complete the transition to a market economy.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1995 the authors |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 27 Apr 2007 |
| Last Modified: | 26 Apr 2021 11:45 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2296 |
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