Download or read book Capital Utilization written by Roger R. Betancourt and published by Cambridge University Press. This book was released on 1981-06-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the theory of capital utilization, a discussion of the econometrics of capital utilization, and econometric tests of the theory using international data. Capital utilization, defined as the proportion of time that capital is working productively, is mainly affected by shift-working. Capital utilization is an important economic variable that has received serious attention from economists only since the mid-1960s In the first part, the authors provide a synthesis of current knowledge, combining a consistent statement of existing theory with some major extensions. In the second part, they turn to the econometrics, first discussing the appropriate methodology and then testing the theory on data from several countries. This empirical work is considerably more sophisticated than previous studies on this topic. Having established the theory and tested it, they move on to consider policy, the relationship between capital utilization and economic growth, and the place of shift-work in the dual economy.
Download or read book Capital Utilization written by Roger R. Betancourt and published by Cambridge University Press. This book was released on 2008-07-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the theory of capital utilization, a discussion of the econometrics of capital utilization, and econometric tests of the theory using international data. Capital utilization, defined as the proportion of time that capital is working productively, is mainly affected by shift-working. Capital utilization is an important economic variable that has received serious attention from economists only since the mid-1960s In the first part, the authors provide a synthesis of current knowledge, combining a consistent statement of existing theory with some major extensions. In the second part, they turn to the econometrics, first discussing the appropriate methodology and then testing the theory on data from several countries. This empirical work is considerably more sophisticated than previous studies on this topic. Having established the theory and tested it, they move on to consider policy, the relationship between capital utilization and economic growth, and the place of shift-work in the dual economy.
Download or read book Usability of Bank Capital Buffers The Role of Market Expectations written by José Abad and published by International Monetary Fund. This book was released on 2022-01-28 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the COVID shock, supervisors encouraged banks to use capital buffers to support the recovery. However, banks have been reluctant to do so. Provided the market expects a bank to rebuild its buffers, any draw-down will open up a capital shortfall that will weigh on its share price. Therefore, a bank will only decide to use its buffers if the value creation from a larger loan book offsets the costs associated with a capital shortfall. Using market expectations, we calibrate a framework for assessing the usability of buffers. Our results suggest that the cases in which the use of buffers make economic sense are rare in practice.
Download or read book Capital Utilization Growth Employment and BOP and Price Stabilization written by Daniel M. Schydlowsky and published by . This book was released on 1976 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Utilization and Returns to Scale written by Craig Burnside and published by . This book was released on 1995 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five questions that we study using a measure of capital services based on electricity consumption: (1) Is the phenomenon of near or actual short run increasing returns to labor (SRIRL) an artifact of the failure to accurately measure capital utilization rates? (2) Can we find a significant role for capital services in aggregate and industry level production technologies? (3) Is there evidence against the hypothesis of constant returns to scale? (4) Can we reject the notion that the residuals in our estimated production functions represent technology shocks? (5) How does correcting for cyclical variations in capital services affect the statistical properties of estimated aggregate technology shocks? The answer to the first two questions is: yes. The answer to the third and fourth questions is: no. The answer to the fifth question is: a lot.
Download or read book Changing Utilization of Fixed Capital written by Murray F. Foss and published by American Enterprise Institute Press. This book was released on 1984 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technology Capital Spending and Capacity Utilization written by Cynthia Bansak and published by . This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Work Patterns and Capital Utilisation written by D. Anxo and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edmond Malinvaud This book provides a most welcome survey of what statisticians and economists know about an aspect of production that is difficult to precisely characterize but matters a lot for both its importance on economic performance and its social implications. That such a survey is timely cannot be overemphasized; the point is well argued in the introduction to the book, which shows how discussions of the last decades stressed the importance of capital operating time as an economic variable in a series of distinct but interrelated topics, from growth theory to employment policies. Nowadays still more than ever in the past, production not only requires capital as well as labour but also depends on varied and complex forms of work organization, which tie more or less closely to one another the uses of the two main factors. In industry and services labour needs many pieces of capital for efficient production, some operating permanently others assisting when needed. Many, even among the most modem equipments, cannot well function without constant guidance or control by human labour. The cost of interrupting some industrial processes is so high as to impose continuous operation. The timing for the provision of many services has to be patterned in accordance with the rhythms of activities or requirements of those demanding these services, and so on. This interplay is so complex that its particularities were, and still are most often, fully neglected in statistical information and in economic analysis.
Download or read book The Determinants of Capital Utilization in Labor managed Enterprises written by Roger R. Betancourt and published by . This book was released on 1976 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Statistical Shift choice Model of Capital Utilization written by Roberto Abusada-Salah and published by . This book was released on 1975 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Utilization Economic Growth and Convergence written by Santanu Chatterjee and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the implications of capital utilization for the dynamics of growth and convergence. Optimal decisions by economic agents regarding the utilization of capital lead to empirically plausible speeds of convergence in one-sector models of economic growth, thereby providing a simpler alternative to the adjustment costs and multiple capital goods frameworks. The sensitivity of depreciation to capital utilization leads to less than full utilization of capital by the economic agent, a result consistent with empirical facts. The relationship between the rate of depreciation and capital utilization, embodied in the variable marginal benefits and costs of capital accumulation along the transition path, plays a crucial role in slowing down the speed of convergence to the steady state. By assuming a constant depreciation rate and full capital utilization, standard growth models may be significantly overstating the magnitude of the steady-state equilibrium. Finally, differences across countries in the extent to which agents internalize the capital utilization decision along the transition path may lead to differences in the speed of adjustment tothe steady-state equilibrium, even for countries that have similar initial and terminal conditions.
Download or read book NBER Macroeconomics Annual 1995 written by Ben S. Bernanke and published by MIT Press. This book was released on 1996 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.
Download or read book Capital Utilization written by Evangelos Otbon Simos and published by . This book was released on 1977 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Variable Capital Utilization in a General Equilibrium supply Side Model written by Leonardo Auernheimer and published by . This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capacity Utilization and Measurement of Agricultural Productivity written by James H. Hauver and published by . This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Human Capital in the United States from 1975 to 2000 written by Robert H. Haveman and published by W.E. Upjohn Institute. This book was released on 2003 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the authors develop an indicator of the value of human capital stock held by the nation's working-age populaiton. They then use that indicator to assess the utilization of the nation's human capital stock overall and by a number of demographic subgroups. This serves to complement the many existing indicators that measure the U.S. economy's capital utilization.
Download or read book Capital Utilization in Manufacturing written by Romeo M. Bautista and published by Oxford University Press, USA. This book was released on 1981 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report begins by discussing the economic framework for the study. The determinants of the levels of capital utilization are seen to be intricate and overlapping. The initial decisions about which product to make, what techniques to use, where to locate a plant, and the level of utilization at which to operate are interconnected. Thus, while the concern of this study is with the role of various factors in determining utilization levels, the other economic choices being made simultaneously are also taken into account. The focus is on intended levels of utilization, but differences between actual and intended utilization are also identified. The evolution of capital utilization measures is outlined, the nature of the time and intensity measures chosen for this study is explained, and their characteristics are compared with those of other common measures. This book contains a discussion of the sampling and questionnaire procedures used in the survey of some 400 firms in each of the four case studies, the collection of other data, and the analytical tools used to interpret the results, as well as the results. Separate chapters contain a brief account of the country's experience with industrialization policies, a discussion of the levels of capital utilization, and an analysis of the principal determinants of those levels. Finally, the report compares the experiences of the four countries.
