result of the passive role it assigns to investment, the Sraffian supermultiplier (SSM) predicts that the rate of utilization … leads the investment share in a dampened cycle or, equivalently, that a convergent cyclical motion in the utilization … (VAR) for postwar US samples strongly indicate that the investment share leads the rate of utilization, or that these …

This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements … run increasing returns to labor (SRIRL) an artifact of the failure to accurately measure capital utilization rates? (2 …