The Irish market services sector: an econometric investigation
Item Type:Journal Article
Citation:Bradley, John; Fitzgerald, John; Kearney, Ida. 'The Irish market services sector: an econometric investigation'. - Economic & Social Review, Vol. 22, No. 4, July, 1991, pp. 287-309, Dublin: Economic & Social Research Institute
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Using new time series data a structural econometric model of a three way disaggregation of the market services sector is constructed. The elasticities of demand for the factors of production (capital and labour) in two of the sub-sectors were found to be moderate in size with elasticities proving rather small in transport and communications. While prices, in the long run, are set as a mark-up on costs, in two of the sub-sectors short-term pricing decisions were found to be significantly affected by capacity utilisation.
Publisher:Economic & Social Research Institute
Type of material:Journal Article
Availability:Full text available