The 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...

The measurement of transaction costs in an economy is a question of present interest and a difficult problem for every country. Attempts for measuring the transaction costs do not take effect mostly due to the fact that the data being gathered by the System of National Accounts do not correspond...

This paper focuses on transaction tasks as seen on the micro level. We suggest how transaction tasks can be measured by the official statistics. The article complements a previous one by Chobanov, Egbert and Gyuredjeklieva (2006) published in this journal and discusses the weaknesses of existing...