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Sustainability and Welfare Policy in European Market Economies


Jürgen Plöhn and George Chobanov

The articles in this volume are selected from the contributions to two international conferences. Authors and teams tackle general economic approaches and developments with respect to new concepts for the production possibility frontier, the connection of development and exports diversification and improvements to the business process. Other contributors address economic sustainability with respect to an institutional path to sustainable growth, available financial instruments, behavioral models of economic expectations, solutions for waste treatment as well as to technological aspects related to security, privacy and IT governance. Finally, a third group of authors discusses health policy in the EU and postsecondary education in Bulgaria as aspects of public welfare.

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Government Intervention in Postsecondary Education in Bulgaria (Pavlin P. Bonev)


Pavlin P. Bonev1

(Sofia University “St. Kliment Ohridski”, Bulgaria)

Government Intervention in Postsecondary Education in Bulgaria

Abstract: Starting from the observation that only a quarter of all university graduates in Bulgaria start their professional careers on positions that require a university diploma, a labour market failure problem is stated. Supply and demand on labour markets for individuals with a diploma are unbalanced. The paper outlines possible ways to overcome such a market failure. Inefficient public university funding is suggested as a root cause. More particularly, the admission quotas that are being defined by universities are seen as a problem. It is argued that economic policy needs to consider incentive structures for the development of strategies that frame aspects of the university education system according to requirements of the labour market for graduates.

1. Introduction

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