General Information
The objective of the project is to analyze the two crucial pillars of financial system reform for the period 1990 to 2008 in Bulgaria – with particular emphasis on the effects of rural financial market reforms. The changes in the rural financial market are assessed by means of (1) financial deepening analysis and (2) efficiency and productivity analysis of the various rural financial intermediaries (for instance bank branches, cooperative financial institutions, NGOs, etc.). On the basis of macro-financial data at the national (and regional) level, the rural financial market depth will be quantitatively assessed. This allows a better understanding of the past and present status of Bulgaria’s rural financial market development. The efficiency and productivity analysis of financial intermediaries will be done using the methodologically ambitious shadow price approach to estimate best practice frontiers. This facilitates a comparison of allocative and technical efficiency to determine potential social and financial performance of rural financial services.
The empirical data will be collected at the national level as well as at the micro level through surveying rural financial intermediaries in three selected regions in Bulgaria.
Project leaders
Prof. Dr. Gertrud Buchenrieder (IAMO)
Department: External Environment for Agriculture and Policy Analysis, Head of Department
Phone: +49 345 2928-110
Mail: buchenrieder(at)iamo.de
Dr. Raushan Bokusheva (ETH Zürich)
Agri-Food & Environmental Economics Group
Phone: +41 44 632 53 30
Mail: bokushev(at)ethz.ch
PD Dr. Martin Petrick (IAMO)
Department: External Environment for Agriculture and Policy Analysis
Phone: + 49 345 2928-120
Mail: petrick(at)iamo.de
Project researcher
Florian Amersdorffer (IAMO)
Department: External Environment for Agriculture and Policy Analysis
Mail: amersdorffer(at)iamo.de
Phone: +49 345 2928-321
Proposed research period
01.01. 2009 – 31.12. 2011
Financed by German Research Foundation
(DFG: Deutsche Forschungsgemeinschaft, BU 1319/10-1)
