Work

The Irish Market Services Sector: An Econometric Investigation*

Year: 1991
Type: article
Abstract: 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.
Language: English
Open Access status: green
OpenAlex ID: W640243164
FWCI: 1.213
Cites: 7
Cited by: 10
Related to: 10