Download or read book Diverging Measures of Capacity Utilization written by Norman Morin and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the wake of the recent recovery in manufacturing production, the capacity utilization rates published by the Federal Reserve Board (FRB) have rebounded much more slowly than those published by the Institute for Supply Management (ISM). As a result, some observers have speculated that the manufacturing sector may have considerably less slack than is indicated by the FRB measures. Our view is that the two characterizations of manufacturing slack are not as incongruent as they first appear. This paper discusses the practical and conceptual differences between these measures of capacity utilization, and concludes that the recent divergence simply reflects the character of the latest business cycle"--Abstract.
Download or read book Diverging Measures of Capacity Utilization written by Norman Morin and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the wake of the recent recovery in manufacturing production, the capacity utilization rates published by the Federal Reserve Board (FRB) have rebounded much more slowly than those published by the Institute for Supply Management (ISM). As a result, some observers have speculated that the manufacturing sector may have considerably less slack than is indicated by the FRB measures. Our view is that the two characterizations of manufacturing slack are not as incongruent as they first appear. This paper discusses the practical and conceptual differences between these measures of capacity utilization, and concludes that the recent divergence simply reflects the character of the latest business cycle"--Abstract.
Download or read book Measures of Capacity Utilization written by Frank de Leeuw and published by . This book was released on 1979 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consistency in Measuring Capacity Utilization written by Patricio Millán and published by . This book was released on 1974 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measurement of Capacity Utilization and Scope Economies written by Abdulaziz Babacan and published by . This book was released on 1995 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Economic Interpretation and Measurement of Optimal Capacity Utilization with Anticipatory Expectations written by Catherine J. Morrison and published by . This book was released on 1985 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 actual output. Here I extend these concepts to include adjustment costs due to changes in the stock of capital, and nonstatic expectations of future output demand and input prices. The more general notion of CU is shown to depend on the shadow values of the firm's quasifixed inputs, and is decomposed to isolate the effects of anticipatory expectations. An empirical comparison is then made between traditional indices and alternative economic CU measures, using annual U.S. manufacturing data 1954-80. The calculated indices exhibit plausible patterns, which can be interpreted as the effects of nonstatic expectations and adjustment costs.
Download or read book Further Results in the Measurement of Capacity Utilization written by Robert Summers and published by . This book was released on 1968 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measures of Productive Capacity written by United States. Congress. Economic Joint Committee and published by . This book was released on 1962 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dynamism Rivalry and the Surplus Economy written by János Kornai and published by Oxford University Press. This book was released on 2013-11-06 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Dynamism, Rivalry, and the Surplus Economy, János Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus--a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labor and excess of demand. Whereas socialism is slothful and imitative, capitalism is dynamic and progressive. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.
Download or read book Measurement of Capacity Utilization written by and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Utilization Adjusted Output Gap written by Nienke Oomes and published by International Monetary Fund. This book was released on 2006-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) using available surveys to estimate the "natural rates" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production function with utilization-adjusted capital and labor inputs; and (3) defining potential output as the level of output obtained when both capital and labor are at their estimated natural rates. The results suggest that the output gap in Russia was negative between 1999 and 2003, but may have recently become positive, thus contributing to inflationary pressures.
Download or read book Choosing a Research Method Scientific Inquiry written by Christian S. Yorgure PhD and published by Xlibris Corporation. This book was released on 2018-06-15 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the necessary operational understanding of the methods of research with a rare insight using detailed examples. The thirst for education has increased geometrically around the globe. In fact, governments and advocacy groups see the drive for the attainment of formal training as a social change agent with ramifications in other domains including democratization and more equitable society. The success of these campaigns has seen increased programs in colleges and individuals embracing different programs based on cost and convenience, and so on. Some students work independently with little direction. This book is written to serve as a companion, providing the necessary guidance, on research methods and it is useful for anyone involved in research primarily due to specific examples including case study research utilizing qualitative and quantitative designs.
Download or read book An Analysis of Time Series Estimates of Capacity Utilization written by James E. Kennedy and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Board's (FRB) series on capacity utilization constitutes an important indicator of resource utilization. However, it is well known that economic capacity is difficult both to define and to measure. This paper considers alternative measures of capacity in which time-series methods are used to extract a permanent component from data on industrial production (IP). For a given industry, all that is needed to estimate the permanent component is the IP index for that industry. The associated utilization measure is calculated as IP divided by its permanent component. These measures have the advantage of being consistently measured over time; also, they are easily reproducible. Measures of resource utilization are primarily useful as indicators of inflation. Accordingly, the FRB series are evaluated relative to the alternatives in terms of their ability to explain both current and future producer price inflation. Data are analyzed for manufacturing as a whole and for a number of disaggregated industries. The results show that the alternative series generally perform as well as or better than the FRB series in terms of their ability to explain or predict inflation.
Download or read book Measures of Productive Capacity written by United States. Congress. Joint Economic Committee and published by . This book was released on 1962 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews production capacity definition and measurement problems.
Download or read book Estimating Capacity Utilization from Survey Data written by Norman Morin and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Measures of Capacity Utilization in the 1980s written by Gasper A. Garofalo and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model to estimate the rate of capacity utilization (CU) in the manufacturing sector by state. Consistent measures of state-level CU rates have been unavailable since 1982. The lack of a capacity measure has hindered regional studies of capital formation, long-run output growth, and productivity growth. Our model employs a neoclassical approach to estimate CU. We estimate a model to determine the optimal level of production and compare it with the actual level in order to define our CU index. Our results show that states in the West North Central, South Atlantic, and Pacific census divisions tend to have a CU index consistently above the nation's average. On the other hand, states in the East North Central and West South Central census divisions tend to have a CU index below the nation's average.
Download or read book Measurement of Productivity and Efficiency written by Robin C. Sickles and published by Cambridge University Press. This book was released on 2019-03-28 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.
