expanding pari passu with changes in capacity utilization while productivity remains constant. Using linear Structural VAR and …. The link between changes in employment, capacity utilization and investment has weakened, while productivity became more …

explained by a model where firms have modest market power, face convex adjustment costs and where they can vary utilization …

2015 adopting a statistical method. Furthermore, this research studies the relationship between the capacity utilization … under its full capacity and that the capacity utilization rate is related to inflation in the short run, but not in the long …

We introduce a pro-cyclical endogenous utilization rate of physical capita1 stock into a real-business-cycle model … rate, and the capital utilization mechanism working through the use of energy for cyclical fluctuations in Bulgaria. In … factor utilization and the presence of energy as a factor of production improves the model performance against data, and in …

We introduce a pro-cyclical endogenous utilization rate of physical capita1 stock into a real-business-cycle model … factor utilization and the presence of energy as a factor of production improves the model performance against data, and in … addition this extended setup dominates the standard RBC model framework with constant depreciation and a fixed utilization rate …

underutilized capacity still accumulate capital stock? This paper offers an answer by analyzing the choice of capacity utilization … that firms have incentives to wait to see what other firms are doing before adjusting their own utilization, which we … capture through a marginal user cost of own utilization decreasing in average utilization. Accordingly, interactions among …