Search Results - subject:"Capacity utilization"

NAIRU, Unemployment and Post Keynesian Economics

Bozani, Vasiliki - Department of Economics, University of Crete - 2011

The purpose of this paper is to present the disadvantages from the use of NAIRU as the key instrument of monetary-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and used model in macroeconomic analysis, although has...

Persistent link: https://www.econbiz.de/10009371509

Analisi dei modelli d’impresa: discontinuità e sviluppo

D'Elia, Enrico; Nascia, Leopoldo; Zeli, Alessandro - Volkswirtschaftliche Fakultät, … - 2011

Typically, firms change their size through a row of discrete leaps over time. A very basic model allowing for discontinuous growth can be based on a couple of assumptions: (a) in the short run, the firm’s equipment and organization provide the maximum profit only for a given production level,...

Persistent link: https://www.econbiz.de/10009397173

A simple model of discontinuous firm’s growth

D'Elia, Enrico - Volkswirtschaftliche Fakultät, … - 2011

Typically, firms change their size through a row of discrete leaps over time. Sunk costs, regulatory, financial and organizational constraints, talent distribution and other factors may explain this fact. However, firms tend to grow or fall discontinuously even if those inertial factors were...

Persistent link: https://www.econbiz.de/10009397193

A Repayment Model of House Prices Oil Price Dynamics in a Real Business Cycle Model

Arora, Vipin; Gomis-Porqueras, Pedro - Department of Econometrics and Business Statistics, … - 2011

We show the importance of endogenous oil prices and production in the real business cycle framework. Endogenising these variables improves the model's predictions of business cycle statistics, oil related and non-oil related, relative to a situation where either is exogenous. This result is...

Persistent link: https://www.econbiz.de/10009144408

An analysis of the trend in economic capacity utilization and productivity growth of some energy intensive industries in india: 1979-80 to 2003-04

Ray, Sarbapriya - In: Economics Bulletin 31 (2011) 4, pp. 55-55

India in view of economic capacity utilization and total factor productivity growth as well as partial factor productivity …, trend in total factor productivity growth with adjustment for capacity utilization of those industries, impact of … liberalization on capacity utilization as well as on total factor productivity growth during pre and post liberalization period has …

Persistent link: https://www.econbiz.de/10010630388

An Application of Economic Capacity Utilization to the Measurement of Total Factor Productivity Growth: Empirical Evidence from Indian Fertilizer Industry

Sarbapriya, Ray; Mihir, Kumar Pal - In: Journal for Economic Forecasting (2011) 1, pp. 125-142

, with adjustment for variations in capacity utilization during the period from 1979-80 to 2003-04. Using a translog … inputaccumulation rather than productivity driven. The analysis reveals that a correction for capacity utilization mitigates the … impact of economic reforms on the Indian fertilizer industry. The study also indicates a declining trend of economic capacity …

Persistent link: https://www.econbiz.de/10009003980

Germany; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

International Monetary Fund (IMF); International … - 2011

Germanyâ€™s economic growth and recovery from the global crisis are explained in this study. Tax, education, and innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and other outward spillovers are outlined. Germany has a...

Persistent link: https://www.econbiz.de/10011245844

Contrasting Giants : Demographic Change and Economic Performance in China and India

Tyers, Rodney; Golley, Jane - 2011

The timing of China’s and India’s demographic transitions and the implications of alternative fertility scenarios are here explored using a global economic model incorporating full demographic behavior and measures of dependency that include the working aged and those of working age who do...

Persistent link: https://www.econbiz.de/10014182654

Output Gaps

Kiley, Michael T. - 2011

What is the output gap? There are many definitions in the economics literature, all of which have a long history. I discuss three alternatives: the deviation of output from its long-run stochastic trend (i.e., the "Beveridge-Nelson cycle"); the deviation of output from the level consistent with...

Persistent link: https://www.econbiz.de/10014184879

Capacity Constraints and Beliefs About Demand

Vikander, Nick E. - 2011

This paper examines how a firm can strategically choose its capacity to manipulate consumer beliefs about aggregate demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others want to buy. By imposing a capacity constraint and...

Persistent link: https://www.econbiz.de/10014186736