Issue 6, 2007

Presented from scientometric point of view is the publication activity of the journals in the field of economic science: "Economic Thought" (Institute of Economics at BAS); "Economic Studies" (Institute of Economics at BAS; D. A. Tsenov Academy of Economics - Svishtov; Varna Economics University), "Economic Alternatives" (UNWE), "Business management" (D. A. Tsenov Academy of Economics - Svishtov), "News" (Varna Economics University).
The research is undertaken in three directions: distribution of scientific papers by subject by years; distribution of publications by type and years depending on their function and purpose; structure of the composition of authors by their institutional affiliation and productivity.
The period 2001 - 2006 is studied. Analyzed is the condition of quantitive characteristics and indicators on the activity of scientific journals in the field of economic science through this period.

An analysis is made on the status of national economy and the possibilities for growth. A conclusion is grounded that there exists inflation pressure which will increase. A position is presented concerning the possibilities for solving the emerging economic and social problems.

This study is focused upon the price-earnings ratio, which is the basis of one of the most popular methods for relative valuation of companies, in terms of the opportunity for its application in Bulgaria. The study investigates the specifics of calculating relevant and reliable average price-earnings ratios (P/E) on the Bulgarian Stock Exchange, Sofia, as well as the relation between actual price-earnings ratios and fundamentals. With regard to this, fundamental price-earnings ratios have also been estimated and compared to actual price-earnings ratios for a group of companies. The results of the study indicate that the average levels of actual P/E ratios, though not high in absolute terms, are generally quite higher than the levels, implied by fundamentals.

Examined is the dependence between rates of growth and change in the level of unemployment, known as Okun's law. A position is held that because of the bilateral character of the dependence two regressions can be applied - direct and reverse. A stand is taken that there exists a bilateral dependence between unemployment and gross domestic product and the choice on a model of assessment (direct or reverse regression) is determined by the goals of the researcher.

This paper discusses the main factors that determine the interregional trade flows between EU and Mercosur. We apply the gravity model framework (cross-section and panel data) to examine the interregional integration effects on the trade volume for the period 1995-2005. The results show that further trade liberalization will be beneficial for both regional blocks. We found evidences for trade creation effect and "death of the distance" effect.

The bank account plan is a specialized account standard which adapts the National account plan to the specific needs of bank instrumentarium and accountancy. It has been created like an answer to the challenges of time in the conditions of gradual modernization of financial-credit sector and the connected to it unification of accounting interpretation in banks. The discussed specialized standard compiles the operating until the beginning of the transition to modern banking four account plans - of the BNB, DSK, the popular to the moment Bulgarian foreign trade bank and the rest of the trade banks. The proposition of the bank account plan as their common expression is the first serious step in developing a completely new vision of accountancy in bancs.
Throughout the years the configuration of the standard has gone through a number of changes, determined by the ceaselessly increasing informational needs of bank management. Some of the actualizations provoke the expression of subjective positions to the end of eventual continuing additions and corrections because of the status of the bank account plan as an open system which is a subject of periodical renovation.