Transaction Employment in the USA and Bulgaria from 1997 to 2006

Maria Ivanova () and Henrik Egbert ()
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Maria Ivanova: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2012, vol. 10, issue 1, 75-90

Abstract: We compare transaction employment in the USA and Bulgaria from 1997 to 2006. Transaction employment reflects the labour inputs which are necessary to run institutions in a national economy. We measure these inputs as a share of GDP. Our results show that a relatively constant share of about 30 % of GDP relates to transaction employment in the USA. In the transitional economy of Bulgaria this share increases from 8 % to 12 %. This paper deals with a particular aspect of the transaction sector concept and adds to the discussion on the methodology for cross-country comparisons

Keywords: transaction sector; transaction employment; transaction costs measurement. (search for similar items in EconPapers)
JEL-codes: B52 O11 P27 (search for similar items in EconPapers)
Date: 2012
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