The impact of economic growth on inflation and unemployment in Bulgaria, 2006-2016Lyuboslav Kostov

Contents
- Chapter Expand | CollapseAuthorsPage
- Titelei/Inhaltsverzeichnis
- 3–4 Editorial 3–4
- 5–20 The basic characteristics of the information technology sector in Serbia Dalibor Miletić, Anka Vojvodić, Marko Vojvodić Dalibor Miletić, Anka Vojvodić, Marko Vojvodić 5–20
- 21–30 Brexit – Implications for south-east European countries Ela Golemi Ela Golemi 21–30
- 31–48 Challenges and impacts of the digital transformation of society in the social sphere Miodrag Komarčević, Milovan Dimić, Petar Čelik Miodrag Komarčević, Milovan Dimić, Petar Čelik 31–48
- 49–84 Labour market transitions of young women and men in the former Yugoslav Republic of Macedonia Nikica Mojsoska-Blazevski Nikica Mojsoska-Blazevski 49–84
- 85–100 The impact of economic growth on inflation and unemployment in Bulgaria, 2006-2016Lyuboslav Kostov 85–100
- 101–116 Erosion of self-management – a Yugoslav factory in post-socialist transition Kathrin Jurkat Kathrin Jurkat 101–116
- 117–138 Incorporation of international human rights into national legislation: The case of Kosovo Remzije Istrefi, Iliriana Islami Remzije Istrefi, Iliriana Islami 117–138
- 139–152 Consequences of administrative silence in public administration Mirlinda Batalli Mirlinda Batalli 139–152
- 153–154 About the Authors 153–154
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SEER Journal for Labour and Social Affairs in Eastern Europe , page 85 - 100

The impact of economic growth on inflation and unemployment in Bulgaria, 2006-2016Lyuboslav Kostov

DOI
- doi.org/10.5771/1435-2869-2017-1-85
- ISSN: 1435-2869
- ISSN online: 2942-3384
Abstract

This research presents the relationship between economic growth, unemployment and inflation in Bulgaria during 2006-2016. The theoretical literature shows that there is a positive relationship between economic growth and inflation whereas the relationship between economic growth and unemployment is negative. Our analysis of how this applied in Bulgaria during this period was conducted by means of econometric verification of information collected via quarterly indicators. When adding the lag effects, the results express three major trends. In the first place, there is a positive impact of growth on inflation in Bulgaria; this mostly finds expression in a lag of one and four quarters, as well as it is expressed in the current period. Secondly, there is a noticeable negative impact of growth on unemployment, a trend that mostly finds expression in a lag period of one or two quarters. In the third place, ‘Okun’s Law’ is valid, although there is a tendency of a decreasing negative relationship between growth and unemployment in the course of the period as a whole.
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