Presentation of the report "Judicial reforms and economic growth in Bulgaria: analysis and policy recommendations"analysing the relationship between the rule of law and economic growth in Bulgaria.
The report, prepared by Daniel Smilov and Georgi Ganev within the project "Judicial Reform and Economic Growth in Bulgaria", supported by the Embassy of the Netherlands, was presented on 29.02.2021 at "The Steps".
The study shows that the rule of law turns out to be economically relevant in terms of the country's fiscal and monetary capacity to achieve satisfactory levels of long-term economic growth. The expert analysis provides empirical evidence of this relationship. Comparative data over a long period (1989 to the present) with countries neighbouring Bulgaria (Romania and Serbia) show a clear link between the way the judicial system works and the country's ability both to generate domestic capital and to attract foreign investment. Specific examples are given of the negative impact of state capture on the business climate in the country. The expert report concludes with proposals for public policies oriented towards the practical implementation of the rule of law.
The report was presented online due to COVID-19 pandemic.
Daniel Smilov, Georgi Ganev
The report, prepared by Daniel Smilov and Georgi Ganev within the project "Judicial Reform and Economic Growth in Bulgaria", supported by the Embassy of the Netherlands, was presented on 29.02.2021 at "The Steps".
The study shows that the rule of law turns out to be economically relevant in terms of the country's fiscal and monetary capacity to achieve satisfactory levels of long-term economic growth. The expert analysis provides empirical evidence of this relationship. Comparative data over a long period (1989 to the present) with countries neighbouring Bulgaria (Romania and Serbia) show a clear link between the way the judicial system works and the country's ability both to generate domestic capital and to attract foreign investment. Specific examples are given of the negative impact of state capture on the business climate in the country. The expert report concludes with proposals for public policies oriented towards the practical implementation of the rule of law.
The report was presented online due to COVID-19 pandemic.
Daniel Smilov, Georgi Ganev