ANALYSIS OF COOPERATIVES IN THE AGRICULTURAL SECTOR AND MANUFACTURING INDUSTRY-PRODUCTIVITY AND GROWTH IN BULGARIA.

The article examines cooperatives from the Agricultural sector and the Manufacturing industry. The research focuses on the growth of cooperatives of different sizes and ages. The period of the research is 5 years. After an indepth study of the empirical data of the studied sectors, an analysis of the rate of change in net sales revenue and their productivity is made. The productivity, growth and age of the cooperatives are expected to be positively related for the period under study. Cooperatives with longer working experience are predicted to realize a higher rate of change in net sales revenue compared to cooperatives that have been operating for a shorter period of time. [ABSTRACT FROM AUTHOR]