Affiliation:
1. Department of Commerce, Faculty of Industry and Commerce, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria
Abstract
The aim of the study is to measure the effects in the economic development of the regions in Bulgaria. To achieve this aim, Eurostat data for the period 2014-2018 are used for the following indicators by NUTS 2 regions: Gross domestic product (GDP) at current market prices, Gross fixed capital formation, Compensation of employees, Inactive persons (%), Population and Households with access to the internet at home, Economical indicator for structural business statistics. The methodological framework of the study covers the use of the following statistical methods: stepwise regression, panel regression with fixed and random effect. The results of the study focus on the interpretation of the established cross-sectional and time-series effects.