THE OPENNESS OF THE ECONOMY AS A DYNAMIC PROCESS

The issue of the openness of the economy is becoming more important recently,especially given the development of global economy in last years and months. As openness isto be regarded as a dynamic process, flexible in both directions, problems with the visions forthe openness arise with time, especially for transitional economies, given the fragility of theirmarkets.In applying some econometric methods on external trade data we aim to shed some light onthe dynamics of the openness of the economy of Bulgaria after 2000.