Year 2013, Issue 2
Date published12.12.2013
Table of content
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Rositsa Chobanova
TERRITORIAL ASPECTS OF INNOVATIVE DEVELOPMENT: CITIESSummary: This study discusses the territorial aspect of development through renovation linking it to cities where communication between people, the resultant emergence of problems and prospective solutions are more intensive. The purpose... This study discusses the territorial aspect of development through renovation linking it to cities where communication between people, the resultant emergence of problems and prospective solutions are more intensive. The purpose of this study is to achieve a better understanding of what makes a city innovative and what the problems are in building an innovative city or district. In this context, first, the methodologies for defining, grouping and ranking innovative cities and similar territorial units are characterized. The results of the first comprehensive rankings of innovative cities in the world, Europe and China are presented. The second part of the study is devoted to characterizing debates regarding the European concept for the development of metropolitan areas as innovation centres within the Europe 2020 Strategy. Some ideas for the innovative development of territories in Bulgaria are suggested. The conclusion is that innovative development in a territorial aspect is related to the development of cities and metropolitan areas, which requires regular monitoring, evaluation and well-grounded measures for development, taking into account global good practice. -
Daniela Feschiyan
IMPROVING THE MODEL OF UNCAPITALIZED ASSETS ACCOUNTING IN PUBLIC SECTOR ENTERPRISESJEL: Ì41Keywords: public sector accounting, uncapitalized assets, International Public Sector Accounting Standards, accounting, accounting modelSummary: 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... 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 -
Plamen Petkov
AN ECONOMETRIC ANALYSIS OF THE INVESTMENT FUNCTION FOR BULGARIA ALLOWING FOR THE IMPACT OF STRUCTURAL BREAKSKeywords: investment function, cointegration analysis, causality analysis, error correction models, forecastingSummary: 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... 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 -
Rumen Kalchev
ON SOME ASPECTS OF CONTINUING VOCATIONAL TRAINING IN BULGARIAJEL: J89Keywords: continuing vocational training, knowledge economySummary: 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... 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 -
Rumen Lazarov
ECONOMIC UNCERTAINTY AND THE ROLE OF THE INSTITUTIONAL FACTOR IN ITS ANALYSISSummary: This article presents an attempt to clarify the understanding of the role played by institutions in relation to economic uncertainty. The aim is to critically analyze and compare the place which this economic phenomenon occupies in... This article presents an attempt to clarify the understanding of the role played by institutions in relation to economic uncertainty. The aim is to critically analyze and compare the place which this economic phenomenon occupies in neoclassical and institutional analytical models. The need for the introduction of the institutional factor in a highly formalized orthodox neoclassical analysis model is theoretically justified. The conclusion is that, under this condition, economic analysis will be able to produce objective results on the basis of which precise conclusions and correct decisions will be made as regards economic policy -
Petya Ivanova
CREATIVITY AND SUSTAINABLE TOURISM DEVELOPMENTSummary: The article justifies the need for targeted development of destination creativity as a sustainable tourism resource. The economic significance and the way this resource adds value to tourism is outlined. The role of creativity in... The article justifies the need for targeted development of destination creativity as a sustainable tourism resource. The economic significance and the way this resource adds value to tourism is outlined. The role of creativity in tourism development is identified on the basis of the systematization of discussions existing in scientific literature and comparisons between creative and traditional forms of tourism. The specifics of tourism demand and supply of creative tourism experiences are consistently analyzed. Specific conclusions are made that could contribute to the sustainable development of tourism in Bulgaria based on the analysis carried out