Journals Proceedings

Abstract

The key objective of the paper is to analyze the gross value added growth by economic sectors in Bulgaria before and after the global financial crisis. The global financial turmoil impacted all economic sectors in the country, hitting consumer and business confidence and eroding export opportunities and capital inflows. The study is focused on the structural imbalances of the gross value added (GVA) in Bulgaria. An econometric analysis is made on Bulgaria’s GVA produced by economic sectors before and after the global financial crisis. Chow test is applied in order to test the presence of a structural break.