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Recent trends in the Cypriot electronic communications sector

Author

Listed:
  • Sofronis Clerides

    (Department of Economics, University of Cyprus)

  • Charalampos Karagiannakis

    (Economics Research Centre, University of Cyprus)

Abstract

The electronic communications sector has experienced rapid growth and dramatic change in recent years. We quantify the development of the sector in Cyprus in two ways. First, we measure the sector’s contribution to economic output and provide comparisons with other European countries. The sector grew rapidly relative to the rest of the economy from 1995 until 2005 but much more slowly in the last decade. Second, we construct a price index for internet services using the hedonic methodology. Quality-adjusted prices of internet services dropped by 75% between 2005 and 2016, with most of the decline occurring between 2007-2012.

Suggested Citation

  • Sofronis Clerides & Charalampos Karagiannakis, 2016. "Recent trends in the Cypriot electronic communications sector," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 10(1), pages 27-55, June.
    • Handle: RePEc:erc:cypepr:v:10:y:2016:i:1:p:27-55
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    References listed on IDEAS

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    5. Zvi Griliches, 1961. "Hedonic Price Indexes for Automobiles: An Econometric of Quality Change," NBER Chapters, in: The Price Statistics of the Federal Goverment, pages 173-196, National Bureau of Economic Research, Inc.
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