Analysis of the Factors Influencing Bulgaria-China Trade Competitiveness Index before and after Bulgaria’s Accession to the European Union

DOI

10.2991/hss-26.2016.103How to use a DOI?

Keywords

Bulgaria-China trade, Trade competitiveness index, Import, Export, OLS.

Abstract

In this study, we want to examine the impact a small economy, such as Bulgaria, has when in the middle of two economic powers like China and the European Union (EU). We propose an OLS model to determine the factors which influence Bulgaria-China trade competitiveness index (TCI) for several groups manufactured goods and how Bulgaria’s accession to the European Union affected them. The conducted study showed Bulgaria’s stable and strong currency and low inflation rate have a positive impact on trade with China while the slow economic growth and unsteady economic situation prevents the bilateral trade from further development. According to our finding, the accession to the EU has a promoting but weaker than expected effect on Bulgaria-China trade competitiveness index. The results indicated, for an improved trade relationship with China, Bulgaria has to enhance R&D, attract more Chinese investments, and work on better absorption EU funds.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Kameliya Fam
PY  - 2016/01
DA  - 2016/01
TI  - Analysis of the Factors Influencing Bulgaria-China Trade Competitiveness Index before and after Bulgaria’s Accession to the European Union
BT  - Proceedings of the 2016 International Conference on Humanities and Social Science
PB  - Atlantis Press
SP  - 609
EP  - 614
SN  - 2352-5398
UR  - https://doi.org/10.2991/hss-26.2016.103
DO  - 10.2991/hss-26.2016.103
ID  - Fam2016/01
ER  -