Issue 2, 2002

The study presents results from a research on the level of development of the municipalities in the country in the period 1996 - 1998 and on this base is made an evaluation of the differences between them. Average transformed integral estimations are built, on which bases is made arranging of the municipalities. Comparisons with previous periods are made. Special attention is drawn to the changes in the degree of sustainability in their development. Studied is the interaction between the development of the social - economic and human development by regions for 1998.
JEL: R12, R50, O18

The study analyzes and evaluates the changes and differences in the following concrete directions in the development of the municipalities: financial state, social development, employment and unemployment, ecological state. Comparisons with previous periods are made. Analyzed and evaluated is the process of decentralization of the social services and recommendations for carrying out of policy of decentralization in this field are formulated.
JEL: R12, R50, O18

This research studies the influence of the Balassa-Samuelson effect on Bulgarian inflation and the real appreciation of BGN in relation to main trade partners currencies. According to the results obtained, the Balassa-Samuelson hypothesis stands for the Bulgarian economy. The higher rate of tradable sector productivity in Bulgaria brings about adjustment of wages and prices to EU countries levels. Thus the assumed sustainable GDP growth would still evoke higher inflation rates in Bulgaria compared to EU. Additional effects on Bulgarian inflation rates would have the conclusion of price liberalization and excises harmonization.
JEL: E30, E60

In the study is introduced the noise as a new factor of profitability and it expands the range of instruments and methods of analysis. The reporting more factors of the profitability aims at receiving more reliable evaluation of the sensibility, which suggests more reliable base for choice of corporate shares for the investment portfolio. The use of the degree to which the profitability of the corporate share is influenced by the noise impact of the stick market is a new and significant sign for selection of assets, which presents a favorable starting position for forecasting of the future income from the asset.
JEL: G14, G28

The study discusses the changes in the nominal and disposable income as basic factor of household consumption in the country over the last year of transition to a market economy.
On the basis the change effects in the overall households expenditure and their purchasing power are sought. It has been found out that they are typical of an extremely poor nation.
The analysis done on the basis of the average and marginal consumption propensity, as well as the values of the households consumption multiplier and accelerator in Bulgaria for the period of 1990 - 2000 indicate that at this stage it is not able to play the role of the driving force for increasing the production and fostering the economic growth in the country.
JEL: D10, O10

In the 90s of XX century the Bulgarian agriculture took the difficult road towards market transforming. Many negative changes occur in it, revealed with extreme sharpness and deepness. Some of them lead to worsening of the state of the agricultural machine-building, which means that the changes running in the industry are far not only in the system of the agriculture. They "overgrow" it and with equal power concern the bound with the agriculture sub-industry agricultural machine-building. This is undoubtedly proved by the current difficult state of the sub-industry "Agricultural Machine-Building" in the country. On this base convincing is the opinion that the revealing and reporting of the elements of the economic environment and especially of the structural changes in the agriculture on the total dynamics of the agricultural machine-building in Bulgaria has important theoretic and practical significance. It will help realizing to what extent all these processes and phenomena are part of the something uniform and inseparable, subordinated to the action of the objective law of the interdependency.
JEL: Q10, L69