Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession



William Davidson Institute Working Paper 487

Annex 2

In order to calculate the average monthly wage and the number of employed
people in the tradable and non-tradable sector, we group all economic activities
(according to NSI) into two major groups.

Tradable                                   Non-tradable

Mining of coals, extraction of petroleum and
natural gas

Mining of ores

Other mining and quarrying

Manufacturing foods, beverages and tobacco

Textiles

Wearing apparel

Leather, leather and fur clothes, footwear and
products

Wood and products of wood and corc, plaiting
materials

Pulp, paper and paper products; publishing and
printing

Coke, refined petroleum products and nuclear
fuel

Chemicals, chemical products and man-made
fibers

Rubber and plastic products

Other non-metallic mineral products

Basic metals except casting of metals

Metal products; machinery and equipment;
casting

Electrical and optical equipment

Transport equipment

Manufacturing n.e.c.

Electricity, gas and water supply

Construction

Trade, repairing activities

Hotels and restaurants

Transport

Communications

Financial intermediation

Real estate and renting activities

Research and development

Other business activities

Public administrations; compulsory social
security

Education

Health and social work

Veterinary activities

Activities of membership organizations n.e.c.

Sewage and refuse disposal, sanitation and other
services

Cultural activities

Recreational and sporting activities

38




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