Economics 21

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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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  CREATIVITY AND SUSTAINABLE TOURISM DEVELOPMENT

  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 ... 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

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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