Victor Yotzov – University of National and World Economy and Economic Research Institute at BAS, Bulgaria

Keywords:                            Bulgaria;
Export-led growth;
Domestic demand-driven


Abstract: Effective public administration is a key prerequisite for the suc- cessful functioning of any sphere of social functioning. Ukraine takes the leading place in the production and exporting of many agricultural items. In the research, special attention is paid to the sustainable development of Ukraine’s rural territories due to the extreme importance of agriculture ei- ther for the country’s own population or for its trading partners.

The data analysed in the article were taken from the official web page of the State Statistics Service of Ukraine. While analysing the agro–exports of Ukraine, “agro” denotes the commodity from the groups I—IV of the Ukrain- ian Classification of Commodities in Foreign Trade. The timeframe under analysis is nine years – from 2012 to 2020 included. The appropriate statis- tical software and tools as well as tabular and visualization methods were used to conduct the research and present its results in the article.

The research and its results will be interesting and useful for public administration officials, companies’ managers engaged in agriculture and international trade, decision makers, academic community representatives as well as beginners and experienced data analysts.

8th International Scientific ERAZ Conference – ERAZ 2022 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Online-Virtual (Prague, Czech Republic), May 26, 2022

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2022 Conference Proceedings: ISBN 978-86-80194-60-8, ISSN 2683-5568, DOI:

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 

Sugested citation

Yotzov, V. (2022). Is an Export-Led Growth Sustainable for Bulgaria?. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 8. Conference Proceedings (pp. 17-22). Association of Economists and Managers of the Balkans.


McCombie, J. S. L. and Thirlwall, A. P. (1994). “Economic Growth and the Balance of Pay­ments Constraint”, New York: St. Martin Press

Palley, T. I. (2011). “The Rise and Fall of Export-led Growth”, Levy Economics Institute, Work­ing Paper #675