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Divestiture of Telecommunications in the UK: A Time Series Analysis

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  • Hunt, L C
  • Lynk, E L

Abstract

The purpose of this paper is to provide information concerning the nature of cost conditions with the preprivatization telecommunications industry in the United Kingdom. In particular, the issue of whether the overall cost function is subadditive and whether joint production characterizes the industry is examined. Using cointegration, it is found that for the period 1951/52-1980/81, telecommunication production in the inland and international areas were characterized by cost complementaries; hence joint production was a feature of the U.K. telecommunications industry. Copyright 1990 by Blackwell Publishing Ltd

Suggested Citation

  • Hunt, L C & Lynk, E L, 1990. "Divestiture of Telecommunications in the UK: A Time Series Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(3), pages 229-251, August.
  • Handle: RePEc:bla:obuest:v:52:y:1990:i:3:p:229-51
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    Cited by:

    1. Axel Thonier, 1995. "Dix ans de réforme des télécommunications au Royaume-Uni : échec du pilotage de la structure de marché et libéralisation complète," Économie et Prévision, Programme National Persée, vol. 119(3), pages 107-125.

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