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The dynamics of ownership of durable goods in Bulgaria : from economic crisis to EU membership
 
Author:Ivaschenko, Oleksiy; Ersado, Lire ; Collection Title:Policy Research working paper ; no. WPS 4567
Country:Bulgaria; Date Stored:2008/03/20
Document Date:2008/03/01Document Type:Policy Research Working Paper
Language:EnglishRegion:Europe and Central Asia
Report Number:WPS4567SubTopics:Access to Finance; Economic Theory & Research; Currencies and Exchange Rates; Debt Markets; Investment and Investment Climate
Volume No:1 of 1  

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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