The Rise of the Transaction Sector in the Bulgarian Economy
AbstractThe paper explores the dynamics of the transaction sector in the Bulgarian economy. We use the measuring strategy developed by Wallis and North in 1986. The calculations show an increase in the transaction sector in the country within the period 1997–2003 from about 37% to more than 52% of GDP. Although this is below the size reported for other industrialised and transition economies, it indicates a fundamental institutional change within a short period of time. Comparative Economic Studies (2007) 49, 683–698. doi:10.1057/palgrave.ces.8100226
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Comparative Economic Studies.
Volume (Year): 49 (2007)
Issue (Month): 4 (December)
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Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
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