IDEAS home Printed from https://ideas.repec.org/a/jns/jbstat/v220y2000i4p419-437.html
   My bibliography  Save this article

Gesamtwirtschaftliche Transaktionskosten und wirtschaftliches Wachstum / Social Transaction Costs and Economic Growth

Author

Listed:
  • Bischoff Ivo

    (Justus-Liebig-Universität Gießen, Lehrstuhl für Volkswirtschaftslehre IV, Licher Straße 66, D-35394 Gießen)

  • Bohnet Armin

    (Justus-Liebig-Universität Gießen, Lehrstuhl für Volkswirtschaftslehre IV, Licher Straße 66, D-35394 Gießen)

Abstract

Transaction costs have become a major topic of research in the last decades. However, there is still a great shortage of empirical approaches to their effects on the economic performance. A short review of these empirical studies indicates that the impact of transaction costs on economic growth is a controversially discussed topic. Based on the method proposed by Reichhardt (1995), the volume of transaction activities in West Germany between 1982 and 1993 is estimated. The analyses show that their relative weight has continuously risen. This development is caused by a growing importance of transaction activities in all branches as well as a relatively faster growth of those branches where the share of transaction activities is especially high. Simultaneously, the productivity of transaction as well as transformation activities has increased steadily. A significant difference between the growth rates in productivity was not found. Hence there is no evidence that the observed increase in transaction activities is a limiting factor for economic growth.

Suggested Citation

  • Bischoff Ivo & Bohnet Armin, 2000. "Gesamtwirtschaftliche Transaktionskosten und wirtschaftliches Wachstum / Social Transaction Costs and Economic Growth," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(4), pages 419-437, August.
  • Handle: RePEc:jns:jbstat:v:220:y:2000:i:4:p:419-437
    DOI: 10.1515/jbnst-2000-0404
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbnst-2000-0404
    Download Restriction: no

    File URL: https://libkey.io/10.1515/jbnst-2000-0404?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pryor, Frederic L., 1994. "Growth deceleration and transaction costs: A note," Journal of Economic Behavior & Organization, Elsevier, vol. 25(1), pages 121-133, September.
    2. Shelanski, Howard A & Klein, Peter G, 1995. "Empirical Research in Transaction Cost Economics: A Review and Assessment," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(2), pages 335-361, October.
    3. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    4. Hinterberger Friedrich & Hüther Michael, 1993. "Von Smith bis Hayek und zurück/From Smith to Hayek - Round Trip: Eine kleine Geschichte der Selbstorganisationsidee in der Nationalökonomie/A Brief History of the Self-Organization Approach in Economi," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 211(3-4), pages 218-238, May.
    5. King, Ronald R., 1994. "An experimental investigation of transaction costs," Journal of Economic Behavior & Organization, Elsevier, vol. 25(3), pages 391-409, December.
    6. Harold Demsetz, 1968. "The Cost of Transacting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 33-53.
    7. Fuess, Scott Jr. & Van den Berg, Hendrik, 1996. "Transactional activities and total factor productivity growth in Taiwan," Journal of Asian Economics, Elsevier, vol. 7(4), pages 635-650.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mora-Sanguinetti, Juan S. & Atienza-Maeso, Andrés, 2024. "How effective is equality regulation in reducing gender gaps in the labor market?☆," Journal of Policy Modeling, Elsevier, vol. 46(5), pages 823-846.
    2. Chobanov, George & Egbert, Henrik & Sedlarski, Teodor, 2007. "Методи За Статистическо Извличане На Данни За Транзакционните Операции На Микро Ниво [Methods for Data Collection on Transaction Tasks: A Micro-level Analysis]," MPRA Paper 56744, University Library of Munich, Germany.
    3. Sedlarski, Teodor, 2007. "Трансакционни Разходи И Икономически Растеж [Transaction Costs and Economic Growth]," MPRA Paper 52426, University Library of Munich, Germany.
    4. Juan S. Mora-Sanguinetti & Laura Hospido & Andres Atienza-Maeso, 2024. "Is Equality Regulation Effective in Reducing Gender Gaps in the Labor Market? Quantification and Evidence for Spain," Working papers 943, Banque de France.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Buchen, Clemens, 2010. "Emerging economic systems in Central and Eastern Europe – a qualitative and quantitative assessment," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 37141.
    2. Maloney, Michael T., 2017. "Alchian remembrances," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 561-582.
    3. repec:ebl:ecbull:v:3:y:2007:i:68:p:1-7 is not listed on IDEAS
    4. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    5. Per L. Bylund, 2015. "Signifying Williamson's Contribution to the Transaction Cost Approach: An Agent-Based Simulation of Coasean Transaction Costs and Specialization," Journal of Management Studies, Wiley Blackwell, vol. 52(1), pages 148-174, January.
    6. Ji, Chen & de Felipe, Isabel & Briz, Julian & Trienekens, Jacques H., 2012. "An Empirical Study on Governance Structure Choices in China´s Pork Supply Chain," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 15(2), pages 1-32, May.
    7. Peter Maskell & Mark Lorenzen, 2004. "The Cluster as Market Organisation," Urban Studies, Urban Studies Journal Limited, vol. 41(5-6), pages 991-1009, May.
    8. Raluca I. Iorgulescu & John M. Polimeni, 2017. "Could Socioeconomic Metabolism Be Molded Bytransaction Costs?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 68-74, June.
    9. Birner, Regina & Linacre, Nicholas A., 2008. "Regional biotechnology regulations: Design options and implications for good governance," IFPRI discussion papers 753, International Food Policy Research Institute (IFPRI).
    10. Bruno Tinel, 2004. "Que reste-t-il de la contribution d'Alchian et Demsetz à la théorie de l'entreprise ?," Post-Print halshs-00270895, HAL.
    11. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269.
    12. Stukach, Victor & Daueshov, Marat, 2002. "Адаптация Хозяйствующих Субъектов Аграрной Сферы: Конъюнктурное Изучение, Государственное Регулирования, Информационная База [Adaptation of economic entities of the agrarian sphere: opportunistic s," MPRA Paper 79120, University Library of Munich, Germany, revised Dec 2015.
    13. Willems, Jannes J. & Busscher, Tim & Woltjer, Johan & Arts, Jos, 2018. "Co-creating value through renewing waterway networks: A transaction-cost perspective," Journal of Transport Geography, Elsevier, vol. 69(C), pages 26-35.
    14. Holleran, Erin & Bredahl, Maury E. & Zaibet, Lokman, 1999. "Private incentives for adopting food safety and quality assurance," Food Policy, Elsevier, vol. 24(6), pages 669-683, December.
    15. Boroumand, Raphaël Homayoun & Zachmann, Georg, 2012. "Retailers' risk management and vertical arrangements in electricity markets," Energy Policy, Elsevier, vol. 40(C), pages 465-472.
    16. Sovacool, Benjamin K., 2015. "The political economy of pollution markets: Historical lessons for modern energy and climate planners," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 943-953.
    17. Kanishka Kacker, 2016. "Regulation and Contract Design: The Impact of Relationship Specific Investment," Journal of Industrial Economics, Wiley Blackwell, vol. 64(4), pages 656-682, December.
    18. Eric C. Edwards & Martin Fiszbein & Gary D. Libecap, 2022. "Property Rights to Land and Agricultural Organization: An Argentina–United States Comparison," Journal of Law and Economics, University of Chicago Press, vol. 65(S1), pages 1-33.
    19. Peter J. Boettke & Rosolino A. Candela & Peter J. Jacobsen, 2023. "Economic calculation and transaction costs: The case of the airline oversales auction system," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 708-731, January.
    20. Douadia Bougherara & Gilles Grolleau & Naoufel Mzoughi, 2009. "The ‘make or buy’ decision in private environmental transactions," European Journal of Law and Economics, Springer, vol. 27(1), pages 79-99, February.
    21. McCann, Laura & Colby, Bonnie & Easter, K. William & Kasterine, Alexander & Kuperan, K.V., 2005. "Transaction cost measurement for evaluating environmental policies," Ecological Economics, Elsevier, vol. 52(4), pages 527-542, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:220:y:2000:i:4:p:419-437. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.