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Transaction Employment in the USA and Bulgaria from 1997 to 2006

Author

Listed:
  • Maria Ivanova

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

  • Henrik Egbert

    (Anhalt University of Applied Sciences, Department of Economics, Bernburg, Germany)

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

Suggested Citation

  • Maria Ivanova & Henrik Egbert, 2012. "Transaction Employment in the USA and Bulgaria from 1997 to 2006," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 10(1), pages 75-90, March.
    • Handle: RePEc:sko:yrbook:v:10:y:2012:i:1:p:75-90
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    More about this item

    Keywords

    transaction sector; transaction employment; transaction costs measurement.;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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