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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Bibliographic Details
Published inEconomics letters Vol. 92; no. 2; pp. 228 - 233
Main Authors Driver, Ciaran, Temple, Paul, Urga, Giovanni
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.08.2006
Elsevier
SeriesEconomics Letters
Subjects
Cost function
Costs
Externalities
Investment
Manufacturing
Productivity
United Kingdom
Productivity
Externalities
D62
Costs
L60
O40
Manufacturing
Investment
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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.
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