Economic Archive

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  ECONOMIC POLICIES OF THE EUROPEAN UNION – CONCORDANCE OR DISCORDANCE?

  The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to ... The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to reveal that it is weak, which can be attributed to some crisis resolution shortcomings. The reasons for this incoherence can be found both in the institutional structure of the European financial institutions and in some rigid strategies of the Union (unwillingness to pursue a common fiscal policy, frugal budget spending policies, etc.)

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  BULGARIA’S COVERAGE WITH LOCAL INITIATIVE GROUPS – A SPATIAL ANALYSIS

  This research focuses on the innovative LEADER approach within the Common agricultural policy of the EU which is widely used for the decentralized and at the same time integrated development of rural regions in each member state. Theoretically, the LEADER approach is part of the endogenous theory of economic development and plays an important role ... This research focuses on the innovative LEADER approach within the Common agricultural policy of the EU which is widely used for the decentralized and at the same time integrated development of rural regions in each member state. Theoretically, the LEADER approach is part of the endogenous theory of economic development and plays an important role in achieving the social, economic and now climatic aims as a specific European model of stimulating the inclusion of communities in local development. From a spatial point of view, the LEADER approach has been applied at the level of municipality or unified neighboring municipalities and/or neighboring settlements-part of a municipality/ies with a population between 10,000 and 150,000 inhabitants by local initiative groups (LIG). Bulgaria’s Program for the development of rural regions 2014–2020 adopts the national definition according to which rural regions are defined at the municipal level (LAU 1) and comprise the territory of 231 municipalities in which the largest town has a population of 30,000 inhabitants. The analysis of the spatial coverage of rural regions with LIG shows the negative effect of the admission of typically urban municipalities within the territories which receive funding through the LEADER network. To eliminate those inaccuracies in determining the policies for the development of rural regions, we propose and test variants to change this arguable, too streamlined and non-corresponding to scientific thought definition of a rural region.

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  ECONOMIC GROWTH EFFECT OF GOVERNMENT EXPENDITURE ON EDUCATION

  Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected ... Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected resolve quickly and effectively by finding rational solutions. Education is one of the areas of strategic importance for overcoming the consequences of the pandemic. It is an important part of the public sector in which education, training and acquisition of knowledge and skills take place.