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The Dynamics of Ownership of Durable Goods in Bulgaria : From Economic Crisis To EU Membership / Ivaschenko, Oleksiy
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Ivaschenko, Oleksiy
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Assets.
- Currencies and Exchange Rates.
- Debt Markets.
- Durable Goods.
- Economic growth.
- Economic Theory and Research.
- Finance and Financial Sector Development.
- Growth rate.
- Income measures.
- Macroeconomic policies.
- Macroeconomics and Economic Growth.
- National economy.
- Per capita income.
- Real GDP.
- Wealth.
- Local Subjects:
- Assets.
- Currencies and Exchange Rates.
- Debt Markets.
- Durable Goods.
- Economic growth.
- Economic Theory and Research.
- Finance and Financial Sector Development.
- Growth rate.
- Income measures.
- Macroeconomic policies.
- Macroeconomics and Economic Growth.
- National economy.
- Per capita income.
- Real GDP.
- Wealth.
- Physical Description:
- 1 online resource (39 pages)
- Other Title:
- Dynamics Of Ownership Of Durable Goods In Bulgaria
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- The paper uses repeated cross-sections of Bulgaria's household survey data (1995, 1997, 2001, and 2003) and a comparable list of durable goods to investigate the dynamics and distribution of durable goods over time, including during the economic crisis of 1996-1997 and the subsequent period of relatively robust economic growth leading up to European Union membership. It examines the dynamics of the ownership of durable goods by wealth classes, geographic locations, and various ethnic groups, including the Roma. In the aggregate, there was convergence between the poorest and the richest classes in the ownership of durable goods between 1995 and 2003, with the poorest class making a significant gain between 2001 and 2003 after having lost some ground between 1995 and 2001. There was also convergence in the ownership of durable goods between urban and rural residents. However, there appear to be some diverging tendencies between Bulgarians and the minority ethnic groups, particularly in the ownership of relatively more expensive goods such as personal computers and cars.
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