Issue 5, 2018

The problem of the sustainability of the management process and the dependency in human relations in social systems is defined. The causes of the misunderstood policy are analysed Problems in the implementation of tasks are examined through the prism of team work. All this justifies controlled going back as a factor for governing sustainability under certain circumstances (as defined in the study).
JEL: D03; D21

This paper examines the theoretical approaches to electronic democracy, its significance and the possibilities in its broad and restricted realization during the process of e-government creation and the development of e-governance. The methodological basis of the investigation is an analysis of the theoretical foundations and the international practices applied in order to involve citizens in the decision-making process and data about the electronic participation of citizens gathered by the United Nations Department of Economic and Social Affairs. The practical significance of the present investigation is to define the correlation between the real state of the electronic participation of citizens and the proclaimed purposes of electronic democracy. The problems that make the circumstances around the formation of electronic democracy in Ukrainian more complicated have been defined and directions for the development and improvement of electronic interaction have been offered.
JEL: H70; H73; H79

The role and development of the public sector in the main sectors of the transport infrastructure of the new Bulgarian state up until the nationalization at the end of 1947 are analyzed. The particular significance of the public sector in them stems from the “poor inheritance” as well as the lack of capital in the hands of the Bulgarian bourgeoisie and its individualism. Experience shows that the alternative – subordinating developments in these areas to foreign capital – is less favorable, especially in the long run. The improvement of the transport infrastructure is a necessary prerequisite for the progress of agriculture and industry, as well as for the creation of the internal market and its linkage to external markets. Investments in it are several times higher than those in the industry, and it holds 40% of its employees. The economic efficiency of these investments is not only direct but also indirect. It is also realized in the private sector as well as in the social, state and political spheres. The development of transport infrastructure is a prerequisite for the development of more significant industrialization on the eve of, during and especially after the Second World War.
JEL: H2; F13

The twin deficit hypothesis, which explores the causal link between the budget deficit and the current account deficit, is put to the test for a sample of 188 countries for the period 1980-2014. The obtained results show that there is a complex impact on the current account dynamics, which cannot be explained solely by the dynamics of a single variable, or, if it is possible, then this variable is not the budget balance. It is found that the average budget balance is positive in only 36 countries (it is negative in the remaining 152 countries), ergo, the twin deficit hypothesis is confirmed. This is also supported by the VAR analysis - the double deficit hypothesis is valid for all groups of coefficients except those of Tuvalu, Lebanon, Eritrea and Equatorial Guinea, which have extreme coefficients (above -10).
JEL: F32

The main objective of the current study is to identify the key economic problems that are the subject of discussions among the academic community during the economic conferences carried out in Bulgaria, as well as their solutions and the quality of their argumentation. For the purposes of the research, 300 articles of habilited participants, presented in 8 scientific conferences, held in Bulgaria in 2016, are examined. An analytical toolkit for systematized assessment, based on the good practices of reputed national and international journals, has been proposed and applied. Based on the achieved results, conclusions and measures are formulated for the improvement of the paper reviewing process. It is concluded admission for publishing of predominantly those papers which contribute to definition and solving the general economic problem of the national economy taking into account its historic, geographic specifics, legal framework and level of technology development and usage.
JEL: A11; Y3