Bansak, Cynthia; Morin, Norman; Starr, Martha - Federal Reserve Board (Board of Governors of the … - 2004
This paper examines the relationships between technology, capital spending, and capacity utilization. Recent … eroded the predictive value of the utilization rate. This paper considers how technology might be expected to affect … technology on utilization, using data on 111 manufacturing industries from 1974 to 2000. The results suggest that, for the …