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PUBLIC EXPENDITURES OF REPUBLIC OF BULGARIA – EMPIRICAL CHARACTERISTICS AND MODELING CAPABILITIES
The proposed article is an attempt to be analyzed and studied the changes in the total public expenditure (PE) of the Republic of Bulgaria in the period before, during and after the global financial and economic crises. It is offered and discussed an econometric models explaining changes in public expenditure and providing opportunities for predicting the future value of PE. Given the effects of long-term and strategic decisions in macroeconomic terms as the most suitable for analysis is selected…
