Transaction Employment in the USA and Bulgaria from 1997 to 2006
Transaction Employment in the USA and Bulgaria from 1997 to 2006

Summary/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.

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