Economics 21

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  AN ECONOMETRIC ANALYSIS OF THE INVESTMENT FUNCTION FOR BULGARIA ALLOWING FOR THE IMPACT OF STRUCTURAL BREAKS

  An investment function is a concept or strategy within economics that helps to identify the connection between shifts in the national income and the investment patterns that take place within that particular national economy. The present study uses the Vector Error Correction Model (VECM) to examine the long-run and short-run relationships between ... An investment function is a concept or strategy within economics that helps to identify the connection between shifts in the national income and the investment patterns that take place within that particular national economy. The present study uses the Vector Error Correction Model (VECM) to examine the long-run and short-run relationships between investment and some of its key determinants – real gross domestic product, inflation, discount rate and the Composite Financial Development Index. The econometric analysis is based on annual data referring to the period from 1991 to 2011. Three investment functions are estimated – total investment, private investment and foreign direct investment, and each function is analyzed both by not taking and by taking into consideration the structural changes that occurred in the survey period

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  IMPROVING THE MODEL OF UNCAPITALIZED ASSETS ACCOUNTING IN PUBLIC SECTOR ENTERPRISES

  This article focuses on some shortcomings in the model of uncapitalized assets accounting in public sector enterprises. The lack of standardization of the accoun-ting system in public sector enterprises is a prerequisite for the issues discussed. Despite the presence of a number of methodologies and guidelines there is still not a standardized ... This article focuses on some shortcomings in the model of uncapitalized assets accounting in public sector enterprises. The lack of standardization of the accoun-ting system in public sector enterprises is a prerequisite for the issues discussed. Despite the presence of a number of methodologies and guidelines there is still not a standardized approach for accounting the studied group of assets. The author proposes a sophisticated accounting model and argues that the problem can be solved only by the adoption of accounting standards which should replace the current practice of regulating public sector accounting by instructions and letters. The proposed accounting model will increase the reliability and credibility of accounting information and will ultimately improve accounting methodology

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  ON SOME ASPECTS OF CONTINUING VOCATIONAL TRAINING IN BULGARIA

  This study focuses on issues related to continuing vocational training (CVT) in Bulgaria. Its significance in building a knowledge economy is in compliance with modern views. Some key indicators of its scope and importance in EU countries are analyzed. Major problems with continuous vocational training are revealed and the fundamental trends for ... This study focuses on issues related to continuing vocational training (CVT) in Bulgaria. Its significance in building a knowledge economy is in compliance with modern views. Some key indicators of its scope and importance in EU countries are analyzed. Major problems with continuous vocational training are revealed and the fundamental trends for overcoming them in Bulgaria are outlined