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Citation Information

Type Working Paper
Title The dynamics of ownership of durable goods in Bulgaria: from economic crisis to EU membership
Publication (Day/Month/Year) 2008
URL http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2008/03/20/000158349_20080320085302/Re​ndered/PDF/wps4567.pdf
The paper uses repeated cross-sections of Bulgaria’shousehold survey data (1995, 1997, 2001, and 2003)and a comparable list of durable goods to investigate thedynamics and distribution of durable goods over time, including during the economic crisis of 1996-1997 andt he subsequent period of relatively robust economic growth leading up to European Union membership. Itexamines the dynamics of the ownership of durable goodsby 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 and2003, with the poorest class making a significant gainbetween 2001 and 2003 after having lost some groundbetween 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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