Search Results - subject:"Capital Utilization"

The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity : Some International Evidence

Baxter, Marianne; Farr, Dorsey - 2021

productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters …

Persistent link: https://www.econbiz.de/10013244882

Putty-Clay and Investment : a Business Cycle Analysis

Gilchrist, Simon; Williams, John C. - 2021

This paper develops a dynamic stochastic general equilibrium model with putty-clay technology that incorporates embodied technology, investment irreversibility, and variable capacity utilization. Low short-run capital-labor substitutability native to the putty-clay framework induces the...

Persistent link: https://www.econbiz.de/10013247401

The Economics of Labor Adjustment : Mind the Gap

Cooper, Russell; Willis, Jonathan L. - 2021

We study the inferences about labor adjustment costs obtained by the 'gap methodology' of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function of a manufacturing plant is assumed to depend on the gap between a target and the current level...

Persistent link: https://www.econbiz.de/10013232426

The VAT under Excess Capacity : The Case of Ethiopia

van Oordt, Marius - 2021

This paper considers the design of a VAT where the economy is not at full capacity, as is the case in most developing countries. It critically examines the importance of efficiency and how tax policy can raise the stock of productive resources in an economy. Against this background, policy...

Persistent link: https://www.econbiz.de/10013216638

General Airport Slot Allocation Problems

Ho, Ken; Rodivilov, Alexander - 2021

We analyze multi-runway airport slot allocation problems during adverse weather. The number of slots assigned in any time interval is the same across feasible and non-wasteful landing schedules. The structure of the set of assigned slots is more complex than its counterpart in the single-runway...

Persistent link: https://www.econbiz.de/10013212824

On the Economic Interpretation and Measurement of Optimal Capacity Utilization with Anticipatory Expectations

Morrison Paul, Catherine J. - 2021

This study builds on recent research giving the notion of capacity utilization clearer economic foundations. In this research optimal output Y* is defined as the minimum point on the firm's short-run average total cost curve, and capacity utilization is then computed as CU=Y/Y*, where Y is...

Persistent link: https://www.econbiz.de/10013212910

Crack Spreads and Capacity Utilization in the US Refinery

Ghoddusi, Hamed; Titman, Sheridan; Tompaidis, Stathis - 2021

We present an equilibrium model of the prices of crude oil and refined products that accounts for supply and demand shocks, the elasticity of the supply and demand markets, and the characteristics of the production and adjustment costs of refiners. We use the model to examine the relation...

Persistent link: https://www.econbiz.de/10013322731

Capital Utilization in Production Function Estimation

Gmeiner, Michael; Ricks, Michael - 2021

A method to simultaneously estimate capital utilization rates and production functions is developed that exploits the … to labor is systematically lower when accounting for capital utilization, and the elasticity of output with respect to … capital utilization. Output elasticities and capital utilization exhibit correlations with input quantities and investment …

Persistent link: https://www.econbiz.de/10013323540

Industry globalization and the performance of emerging market firms : Evidence from China

Pangarkar, Nitin; Wu, Jie - 2021

In this study, we explore the extent to which industry globalization affects the performance of firms in China, an emerging market. We focus on the period between 1996 and 2001 and track the globalization levels for six different Chinese industries as well as the performance of 166 public listed...

Persistent link: https://www.econbiz.de/10013211366

The Effects of Mergers on Prices, Costs, and Capacity Utilization in the U.S. Air Transportation Industry, 1970-84

Lichtenberg, Frank R.; Kim, Moshe - 2021

We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a simple "matched pairs" statistical model indicate that these mergers were associated with reductions in unit cost. The...

Persistent link: https://www.econbiz.de/10013211662