This study aimed to demonstrate the profound impact of reducing excess capacity in terms of capital intensity on the growth rate of labor productivity in the manufacturing industry sector. The research was conducted for PhD study in 2019 across 55 groups of Indian manufacturing industries in six...

This study examines whether and how important it is to adjust output gap frameworks during the COVID-19 pandemic and similar unprecedentedly large-scale episodes. Our proposed modelling framework comprises a Bayesian Structural Vector Autoregresion with an identification setup based on a...

This study delves into the origins of excess capacity by examining the reactions of capital, labor, and capital intensity. To achieve this, we have employed a novel three-layered production function model, estimating the elasticity of substitution between capital and labor as a nested layer,...

This study delves into the origins of excess capacity by examining the reactions of capital, labor, and capital intensity. To achieve this, we have employed a novel three-layered production function model, estimating the elasticity of substitution between capital and labor as a nested layer,...

Excess capacity poses a persistent challenge for airports as they often encounter lumpy capacity in the short run. The excess capacity is primarily influenced by the factors such as uncertain demand, airline competition, and the market structure of the airport industry. However, airport business...