The Dynamics of Ownership of Durable Goods in Bulgaria : From Economic Crisis to EU Membership
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 econo...
Main Authors: | , |
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Format: | Policy Research Working Paper |
Language: | English |
Published: |
World Bank, Washington, DC
2012
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2008/03/9092984/dynamics-ownership-durable-goods-bulgaria-economic-crisis-eu-membership http://hdl.handle.net/10986/6536 |
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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