Economic Archive

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  DEBT SUSTAINABILITY OF EU MEMBER STATES: A CLUSTER ANALYSIS

  The aim of this article is to perform a cluster analysis of the EU member states in terms of their public debt sustainability. To this end, the existing theoretical constructs related to the concept of debt sustainability were reviewed in to determine the advantages and disadvantages of certain indicators for assessing debt sustainability. In the ... The aim of this article is to perform a cluster analysis of the EU member states in terms of their public debt sustainability. To this end, the existing theoretical constructs related to the concept of debt sustainability were reviewed in to determine the advantages and disadvantages of certain indicators for assessing debt sustainability. In the course of the research, the methodological grounds of the analysis were defined and the countries were grouped into four clusters.

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  ON A REVITALIZED, VIBRANT, AND PROSPECTIVE PHENOMENON

  The article comprises four sections – an introductory executive summary; a discussion of the Neo-classical concept of the Great Silk Road in Part One; the response of the USA and the EU in Part Two; and a detailed conclusion. The introduction describes the tectonic shift in the global economic triad (in the past, the present and the future) ... The article comprises four sections – an introductory executive summary; a discussion of the Neo-classical concept of the Great Silk Road in Part One; the response of the USA and the EU in Part Two; and a detailed conclusion. The introduction describes the tectonic shift in the global economic triad (in the past, the present and the future) underlining the dynamic trends in the economic mainstream. Part One presents an analysis of the revival of the Silk Road and its substantiation through the One Belt – One Road initiative and justifies its multi-vector diversification. Part One discusses the negative implications of the Rust Belt in The United States of America. Having failed to undermine China’s initiative, the US launched their Blue Dot Network project whi9le the EU modified the original initiative into a European Silk Road. The extended conclusion reviews the second- and third-level synthesis to define the Belt Economy as an economic trend such as the digital, entrepreneurial, partnership, narrative, etc. types of economy.

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  INVENTION AND PATENT ACTIVITY IN BULGARIA IN THE PERIOD 2012–2017

  Patents provide for serious protection for inventors, thereby enabling them, on the one hand, to recover costs faster and, on the other, to gain a larger market share or to protect existing positions in a competitive environment. In this regard, the purpose of the article is to identify the dynamics and trends in the invention activity of national ... Patents provide for serious protection for inventors, thereby enabling them, on the one hand, to recover costs faster and, on the other, to gain a larger market share or to protect existing positions in a competitive environment. In this regard, the purpose of the article is to identify the dynamics and trends in the invention activity of national and foreign applicants, and on this basis to draw conclusions and guidelines that would be useful for the business. The research uses a systematic approach, analysing data from the database of the Patent Office of the Republic of Bulgaria for the period 2012–2017. The survey shows that Bulgaria is of interest to patent holders mainly from the EU, US, Switzerland and JAPAN. On the other hand, the Bulgarian applicants are sufficiently active in the invention activity, which has an effect on the competitiveness of the national economy.