Rumen Dobrinsky

Senior Research Associate

e-Mail: dobrinsky@wiiw.ac.at
Phone: +43 (1) 533 66 10

Rumen Dobrinsky is Senior Research Associate at wiiw and country expert for Bulgaria. His main research areas include processes of transformation, growth and convergence and European integration as well as related policies. He was Head of Economic Cooperation and Integration Division, UN Economic Commission for Europe and President of the Centre for Economic and Strategic Research and has provided advisory services for the EC, OECD, and various governments. He holds a PhD in economics from IMA, Sofia.

External Publications

Articles in refereed journals
  • 'The Paradigm of Knowledge-Oriented Industrial Policy', Journal of Industry, Competition and Trade, Vol. 9, No. 4, 2009, pp. 273-305
  • 'Capital Accumulation during the Transition from Plan to Market', Economics of Transition, Vol. 15, No. 4, 2007, pp. 845-868
  • 'Catch-up Inflation and Nominal Convergence: The Balancing Act for New EU Entrants', Economic Systems, Vol. 30, No. 4, 2006, pp. 424-442
  • 'Price Markups and Returns to Scale in Imperfect Markets: Bulgaria and Hungary' (with László Halpern, Gábor Körösi and Nikolay Markov), Journal of Comparative Economics, Vol. 34, No. 1, 2006, pp. 92-110
  • 'Convergence in Per Capita Income Levels, Productivity Dynamics and Real Exchange Rates in the EU Acceding Countries', Empirica, Vol. 30, No. 3, 2006, pp. 305-334
  • 'Social Security, Poverty and Economic Transition: An Analysis for Bulgaria' (with Robert Ackrill, Nikolay Markov and Stephen Pudney), Economics of Planning, Vol. 35, No. 1, 2002, pp. 19-46
  • 'Corporate Financial Flows and Access to Bank Finance under Distorted and Perverse Incentives: Bulgarian Firms in the Eve of the Financial Crisis' (with Nasko Dochev, Nikolay Markov and Boyko Nikolov), Russian and East European Finance and Trade, Vol. 37, No. 2, 2001, pp. 78-114
  • 'Fiscal Policy under a Currency Board Arrangement: Bulgaria’s Post-Crisis Policy Dilemmas', Russian and East European Finance and Trade, Vol. 37, No. 2, 2001, pp. 36-77
  • 'The Transition Crisis in Bulgaria', Cambridge Journal of Economics, Vol. 24, No. 5, 2000, pp. 581-602
  • 'Impediments to Exports in Small Transition Economies: The Case of Bulgaria' (with Ira Yaneva), MOCT MOST, Vol. 7, No. 2, 1997, pp. 33-55
  • 'Enterprise Restructuring and Adjustment in the Transition to Market Economy: Lessons from Central and Eastern Europe', Economics of Transition, Vol. 4, No. 2, 1996, pp. 389-410
  • 'Monetary Policy, Macroeconomic Adjustment and Currency Speculation under Floating Exchange Rate: The Case of Bulgaria', Economics of Transition, Vol. 4, No. 1, 1996, pp. 185-210
  • 'The Problem of Bad Loans and Enterprise Indebtedness in Bulgaria', MOCT MOST, Vol. 4, No. 3, 1994, pp. 37-58
Books (Monographs and editorship)
  • Innovation Performance Reviews (Belarus, Kazakhstan), United Nations Economic Commission for Europe, New York & Geneva, 2011-2012
  • World Economic and Social Survey, United Nations, New York, 1994-1995
Articles in books
  • 'Bulgaria and Political Economy of Transition', in: Paul Hare and Gerard Turley (eds), Handbook on the Economics and Political Economy of Transition, Routledge, London & New York, 2013, pp. 217-227
  • 'Tax Structures in Transition Economies in a Comparative Perspective with EU Member States', in: Peter Mooslechner and Gertrude Tumpel-Gugerell (eds), Structural Challenges for Europe, Edward Elgar, Cheltenham, 2003, pp. 298-328
  • 'Multi-speed Transition and Multi-speed Integration in Europe: Recent Economic Developments in the Balkans', in: G. Petrakos and S. Totev (eds), The Development of the Balkan Region, Ashgate, Aldershot etc., 2001, pp. 67-74
  • 'Economic Growth, Reconstruction and Development in South-East Europe: What Prospects after a Decade of Decline?', in: Vladimir Gligorov (eds), Balkan Reconstruction Economic Aspects, The Vienna Institute for International Economic Studies (wiiw), Vienna, 2001, pp. 67-74
  • 'The Banking Crisis in Bulgaria', in: E. Thiel Blommestein (eds), The New Banking Landscape in Central and Eastern Europe, OECD, Paris, 1997
  • 'Country Studies: Bulgaria' (with Ira Yaneva), in: Richard N. Cooper and János Gacs (eds), Trade Growth in Transition Economies: Export Impediments for Central and Eastern Europe, Edward Elgar, Cheltenham/Lyme, 1997, pp.30-60
  • 'Trade Liberalization and Market Distortions: An Assessment of Bulgarian Manufacturing Trade', in: W. Biesbrouck and M. Jackson (eds), Marketization, Restructuring and Competition in Transition Countries of Central and Eastern Europe, LICOS Studies on the Transition in Central and Eastern Europe, Avebury, Aldershot, 1995
  • 'Economic Transformation and the Changing Patterns of European East West Trade', in: Rumen Dobrinsky and Michael Landesmann (eds), Transforming Economies and European Integration, Edward Elgar, Aldershot/Brookfield, 1995, pp. 86 115
  • 'Economic Transition and Industrial Restructuring in Bulgaria' (with Nikolay Markov, Boyko Nikolov and Dimiter Yalnazov), in: Michael Landesmann (eds), Industrial Restructuring and Trade Reorientation in Eastern Europe, Cambridge University Press, Cambridge, 1994, pp. 213-241
  • 'Reform of the Financial System in Bulgaria', in: John P. Bonin and István P. Székely (eds), The Development and Reform of Financial Systems in Central and Eastern Europe, Edward Elgar, Aldershot/Brookfield, 1994, pp. 317-345
  • 'Discussion on the Issues of Privatisation and Competition Policy', in: David M. G. Newbery and István P. Székely (eds), Hungary: An Economy in Transition, Cambridge University Press, Cambridge, 1993, pp. 128-130
Other working papers and discussion series
  • Innovation Performance Reviews (Belarus, Kazakhstan), United Nations Economic Commission for Europe, New York & Geneva, 2011-2012
  • 'Launch of the MICRO-DYN centralised database including a report on experiences in developing and using firm level databases across EU member states' (with Johannes Pöschl), MICRO-DYN Working Paper, No. 12/11, 2011 link
  • 'Innovation Strategy and Productive Efficiency' (with Nikolay Markov and Silviya Nikolova), MICRO-DYN Working Paper, No. 28/10, 2010 link
  • World Economic Situation and Prospects, United Nations, New York, 2007-2011
  • 'Wage Formation in Bulgarian Manufacturing: an Integrated Modelling Approach' (with Nikolay Markov), MICRO-DYN Working Paper, No. 10/10, 2010 link
  • 'Understanding the Long-term Growth Performance of the East European and CIS Economies' (with Dieter Hesse and Rolf Traeger), UN Economic Commission for Europe, Discussion Paper Series, No. 2006-1, Geneva, 2006
  • 'Domestic Savings and the Driving Forces of Investment in the ECE Emerging Market Economies', UNECE DISCUSSION PAPERS SERIES, No. 2005.2, Geneva, September 2005 link
  • Economic Survey of Europe, United Nations Economic Commission for Europe, New York & Geneva, 1996-2005
  • 'Firms’ Price Markups and Returns to Scale in Imperfect Markets: Bulgaria and Hungary' (with László Halpern, Gábor Körösi and Nikolay Markov), William Davidson Institute Working Paper , No. 710, July 2004
  • 'Policy Regime Change and Corporate Credit in Bulgaria: Asymmetric Supply and Demand Responses' (with Nikolay Markov), William Davidson Institute Working Paper , No. 607, September 2003 link
  • 'Convergence in Per Capita Income Levels, Productivity Dynamics and Real Exchange Rates in the Candidate Countries on the Way to EU Accession', IIASA Interim Report, IR-01-038, September 2001 link
  • 'Mark-up Pricing in Bulgarian Manufacturing' (with Nikolay Markov and Boyko Nikolov), William Davidson Institute Working Paper , No. 389, June 2001 link
  • OECD Economic Surveys, Bulgaria, OECD, Paris, 1993 & 1997
  • 'Debt Work-out and Enterprise Performance in Bulgaria: Lessons from Transition Experience and Crisis' (with Nasko Dochev and Boyko Nikolov), CERT Discussion Paper, No. 97/15, May 1997
  • 'Poverty and Social Security in Bulgaria During Transition' (with Nikolay Markov and Stephen Pudney), Discussion Papers in Public Sector Economics , No. 96/4, 1996
  • World Economic and Social Survey, United Nations, New York, 1994-1995
  • 'Trade Restructuring in Transition Economies: An Analysis Based on Trade with the European Union', United Nations, Department for Economic and Social Information and Policy Analysis Working Paper Series, No. 8, New York, 1994

wiiw Publications

wiiw Forecast Reports
  • 'BULGARIA: Economy seeking direction', Investment to the Rescue, wiiw Forecast Report, No. Spring 2014, Vienna, March 2014, pp. 33-35 link
  • 'Bulgaria: Economy stalls as politics overshadows policy debates', Animal Spirits still Dimmed: Slow Recovery Expected, wiiw Current Analyses and Forecasts, No. 12, Vienna, July 2013, pp. 65-67 link
  • 'Bulgaria: Economic stalemate continues', Double-dip Recession over, yet no Boom in Sight, wiiw Current Analyses and Forecasts, No. 11, Vienna, March 2013, pp. 61-63 link
wiiw Monthly Reports
  • 'Bulgaria: upcoming early elections take centre stage', Monthly Report No. 7-8/2014, wiiw Monthly Report, No. 7-8, Vienna, July 2014, p. 3
  • 'Opinion corner: How realistic is the construction of the South Stream pipeline in the present circumstances? ', Monthly Report No. 5/2014, wiiw Monthly Report, No. 5, Vienna, May 2014, pp. 2
  • 'Bulgaria and the Russia–Ukraine conflict: rising risks for energy supplies and big investment projects ', Monthly Report No. 5/2014, wiiw Monthly Report, No. 5, Vienna, May 2014, pp. 3-6
  • 'Bulgaria: negative economic sentiment prevails', Monthly Report No. 10/2013, wiiw Monthly Report, No. 10, Vienna, October 2013, pp. 1-3
  • 'Real economic convergence within the EU', Monthly Report No. 6/2013, wiiw Monthly Report, No. 6, Vienna, June 2013, pp. 1-5
  • 'Political turmoil and early elections in Bulgaria', Monthly Report No. 3/2013, wiiw Monthly Report, No. 3, Vienna, March 2013, pp. 1-4
  • 'Bulgaria: economic sluggishness expected to drag on', Monthly Report No. 10/2012, wiiw Monthly Report, No. 10, Vienna, October 2012, pp. 1-3
wiiw Research Reports
  • 'Economic Convergence and Structural Change: the Role of Transition and EU Accession' (with Peter Havlik), wiiw Research Report, No. 395, Vienna, July 2014 link
  • 'What is Happening to Growth in Europe?', wiiw Research Report, No. 385, Vienna, February 2013 link
  • 'Fiscal Policy Under a Currency Board Arrangement: Bulgaria's Post-crisis Policy Dilemmas', wiiw Research Report, No. 265, Vienna, March 2000 link
wiiw Balkan Observatory Working Papers
  • 'Understanding Reform: A Country Study for Bulgaria' (with Dimitar Dimitrov, Nasko Dochev, Rumyana Kolarova, Nikolay Markov and Boyko Nikolov), wiiw Balkan Observatory Working Paper, No. 56, Vienna, October 2004 link
  • 'Small Private Sector in Bulgaria: Labour Market Impact and “Grey Zone” Activity', wiiw Balkan Observatory Working Paper, No. 37, Vienna, March 2004 link
  • 'Economic Growth, Reconstruction and Development in Southeast Europe: What Prospects after a Decade of Decline?', wiiw Balkan Observatory Working Paper, No. 4, Vienna, January 2000 link
wiiw Policy Notes and Reports
  • 'Coping with Macroeconomic Imbalances: Bulgaria’s Experience during the Global Turmoil ', wiiw Policy Note/Policy Report, No. 8, Vienna, September 2012 link

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