Identifying externalities in UK manufacturing using direct estimation of an average cost function
We estimate a translog cost function for UK manufacturing storing the time dummy coefficients to estimate external effects. Such effects are found to stem not only from aggregate activity but also from activity in mechanical engineering and from equipment investment.
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Published in | Economics letters Vol. 92; no. 2; pp. 228 - 233 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.08.2006
Elsevier |
Series | Economics Letters |
Subjects | |
Online Access | Get full text |
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Summary: | We estimate a translog cost function for UK manufacturing storing the time dummy coefficients to estimate external effects. Such effects are found to stem not only from aggregate activity but also from activity in mechanical engineering and from equipment investment. |
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Bibliography: | ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0165-1765 1873-7374 |
DOI: | 10.1016/j.econlet.2006.02.003 |