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From Boom to Bust and Back Again: A dynamic analysis of IT services

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Title: From Boom to Bust and Back Again: A dynamic analysis of IT services
Authors: Maican, Florin G.
Issue Date: Sep-2012
Extent: 62 pages
Publication type: report
Organization: Dept of Economics, University of Gothenburg
Series/Report no.: Working Papers in Economics
Keywords: IT services
imperfect competition
dynamic estimation
industry dynamics
strategic interactions
Abstract: Aggregate shocks in demand such as the burst of the 2001 dot-com bubble affect firms’ behavior and, therefore, the market structure. This paper proposes a fully dynamic oligopoly model to evaluate the impact of aggregate demand shocks on entry and exit costs as well as on investment and labor adjustment costs in IT services. The empirical application builds on an eight year panel dataset that includes every IT service firm in Sweden. The paper finds higher fixed investment and labor adjustmen... more
ISSN: 1403-2465
Description: JEL Classification: L86; L13; L44; L52; C1; C3; C5; C7
Appears in Collections:Working papers



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