Public Spending Effect and Components on GDP in Israel and in Bulgaria
Keywords:Public spending - Economic growth - Econometric modeling
The main purpose of economic policy in new EU member states, including Bulgaria, is to realize high growth and to reach the average GDP per capita for EU. The way to aim at this permanent purpose is the usage of the experience of all over the world. Israel is a country with similar population and territory like Bulgaria and an appropriate example to be taken as the positive experience for all new member states in EU.
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