FACTORS INFLUENCING INVESTMENTS ACTIVITY IN BULGARIAN FORESTRY
Keywords:
investments, neo-institutional economic theory, forestry, inquiry survey, market failures.Abstract
Using the categories of neo-institutional economic theory, an assessment of the existing institutions, institutional entities and institutional changes in the forestry sector of Bulgaria after 1990 has been carried out. On this basis, working hypotheses have been formulated for the insufficient investments in the forestry sector of the country. The hypotheses are verified on the basis of a survey conducted during the period June - October 2025 among 202 specialists related to the management of forest areas in Bulgaria. The questionnaires processed at this stage give reason to conclude that among the main factors influencing the insufficient amount of investments in the forestry sector of Bulgaria are some market failures such as rent-seeking, opportunism and information asymmetry.
References
1.Glushkov, S., Iv. Markov, Zdr. Vasilev, M. Dzhambazova. 2006. Metodika za opredelyane na lesotaksovi kategorii i korektsionni koefitsienti. Nauchen otchet (nepublikuvano), S.
2.Zakon za gorite, obn., DV, br. 125 ot 29. 12. 1997 g., izm., br.79/1998 g., br. 133/1998 g., br. 26/1999 g., br. 29/2000 g., br. 78/2000 g., br. 77/ 2002 g., br. 79/ 2002 g., br. 99/2002 g., br. 16/2003 g., br. 107/2003 g., br. 72/2005 g., br. 105/2005 g., br. 29/2006 g., br. 30/2006 g., br. 34/2006 g., br. 36/2006 g., br. 82/2006 g., br. 102/2006 g., br. 13/2007 g., br. 24/2007 g., br. 64/2007 g., br. 43/2008 g.
3.Zakon za gorite, obn. DV. br. 19 ot 8 Mart 2011 g., izm. i dop. DV. br. 95 ot 7 Noemvri 2025 g.
4.Zakon za lova i opazvane na divecha, obn. DV br. 78 ot 26. 09. 2000 g., izm. DV br. 26/2001 g., br. 77/2002 g., br. 79/2002 g., br. 88/2005 g., br. 88/2006 g., br. 108/2006 g., br. 64/2007 g., br. 43/2008 g., br. 67/2008 g., br. 69/2008 g., br. 91/2008 g.
5.Yovkov, Iv. 1995. Problemi i prioritetni zadachi v gorskoto stopanstvo. Lesovadska misal, 1, S., 18-22.
6.Kolev, K. 2025. Konkurentosposobnost na gorskoto stopanstvo: deskriptiven analiz i faktori na vazdeystvie. S., 146 s.
7.Kaneva, Kr. (2001). Institutsionalnite promeni kato dvizheshta sila za strukturnite reformi v transformirashtite se ikonomiki. Ikonomicheska misal, 2, S., 77-89.
8.Paligorov, Iv. i dr. 2004. Harakteristiki i tendentsii v razvitieto na pazara na darvesina v Balgariya. S.
9.Spasov, Tr. (2002). Institutsionalni aspekti na teoriyata za ikonomicheskiya prehod. Ikonomicheska misal, 2, S., 3-21.
10.Stiptsov, V., K. Mavrov., R. Petrov, M. Trifonova. 2000. Upravlenie i stopanisvane na publichni i chastni gori.Upravlenie i ustoychivo razvitie, 1-2, S., 40-45.
11.North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
12.North, D. (1994). Economic Performance Through Time. The American Economic Review. Vol. 83. N 3. pp. 359-368.
Published
Issue
Section
License
Copyright (c) 2026 New knowledge Journal of science
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
