THE INFLUENCE OF THE FACTOR OF SEASONALITY ON THE REAL GDP OF BULGARIA

  • Milen V. Velev Chief Assistant Professor, PhD, Bulgaria, Burgas, “Prof. Dr. Asen Zlatarov” University
Keywords: economic growth, seasonal factor, Bulgaria, European Union

Abstract

The main purpose of the present study is to analyze and forecast the dynamics of the real GDP of Bulgaria and to estimate the influence of the factor of seasonality. The dynamics and the seasonal fluctuations of the real GDP of Bulgaria have been studied by means of statistical models. A comparative analysis between Bulgaria and the European Union (EU-28) has been made. A conclusion has been reached that the factor of seasonality exerts a greater influence on the dynamics of the GDP in Bulgaria in comparison with the economy of the European Union as a whole.

References

Atanasova, V. Marketing in Tourism. Flat-Bourgas. 2018, pp. 32-33.

Eurostat, National accounts (including GDP), http://ec.europa.eu (accessed 19 January 2018).

Neycheva M. The Role of Education for the Economic Growth of Bulgaria. 2014. Munich Personal RePEc Archive/ Burgas Free University, http://mpra.ub.uni-muenchen.de/55633/

Rangelova, R. „Europe 2020” Strategy and Bulgaria’s economic growth. Economic Thought journal. 2011. issue 3, pages 3-29.

Statev, S. Interrelationship between Economic Growth and Financial Development (Econometric Analysis for Bulgaria: 1991-2006). The Yearbook of UNWE 2009, (1), pp.207-286.

Yotzov, V. Economic growth through the prism of the external sector. Economic Thought. 2013. 6, pp. 3-19.

Views:

117

Downloads:

268

Published
2018-03-15
Citations
How to Cite
Milen V. Velev. (2018). THE INFLUENCE OF THE FACTOR OF SEASONALITY ON THE REAL GDP OF BULGARIA. International Journal of Innovative Technologies in Economy, (2(14), 72-77. Retrieved from https://rsglobal.pl/index.php/ijite/article/view/662