Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 26, 2011 erstellt
Description:
The Bulgarian macroeconomic dynamic trajectory in the period 1990-2010 is taken shape under the determinant action of certain internal and external factors. The most importance among the cumulative internal factors has the processes, related to the market economy transition. They cause fluctuations, what are given expression to specific transformational conditioned instability and cyclic recurrence, prolong until 2008. Under the influence of external factors, reveal from 2009, are taken shape conditions and began transition to the regularities of the traditional cyclic recurrence. Leading importance in this attitude has the profound country participation in the European integration and in the globalization, the increasing degree of the trade and finance openness of the Bulgarian economy. The accessibility and the channels for transfer of cyclical impulses from external sources are increased, but also opportunities and tendencies for raising the degree of the Bulgarian economy cyclical resistibility are built up