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Chronic Excess Capacity in U.S. Industry
Hall, Robert E. - 1986
Persistent link: https://www.econbiz.de/10012477099
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Economic Capacity Utilization and Productivity Measurement for Multi-product firms with multiple quasi-fixed inputs
Berndt, Ernst R. - 1989
In this paper we develop measures of economic capacity output and economic capacity utilization for firms producing multiple outputs and having one or .ore quasi-fixed inputs. Although we produce an impossibility theorem showing that based only on the assumption of cost minimization, the concept...
Persistent link: https://www.econbiz.de/10012476121
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Productivity Measurement with Nonstatic Expectations and Varying Capacity Utilization : An Integrated Approach
Morrison, Catherine J. - 1985
Typically measures of multifactor productivity growth have been based on a production and optimization framework that assumes all inputs are instantaneously adjustable, thus ignoring the important impacts of short run fixity of certain inputs. This paper focuses on the distinction between short...
Persistent link: https://www.econbiz.de/10012477524
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The Effects of Mergers on Prices, Costs, and Capacity Utilization in the U.S. Air Transportation Industry, 1970-84
Lichtenberg, Frank R. - 1989
We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a simple "matched pairs" statistical model indicate that these mergers were associated with reductions in unit cost. The...
Persistent link: https://www.econbiz.de/10012475840
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Understanding How Price Responds to Costs and Production
Bils, Mark - 1999
The importance of sticky prices in business cycle fluctuations has been debated for many years. But we argue, based on a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an increase in factor prices from its response to an increase...
Persistent link: https://www.econbiz.de/10012471473
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The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity : Some International Evidence
Baxter, Marianne - 2001
This paper explores how accounting for variations in factor utilization rates alters the empirical characteristics of productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of productivity using three proxies for capital services....
Persistent link: https://www.econbiz.de/10012470243
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Microeconomic Adjustment Hazards and Aggregate Dynamics
Caballero, Ricardo J. - 1992
The basic premise of this paper is that understanding aggregate dynamics requires considering that agents are heterogeneous and that they do not adjust continuously to the shocks they perceive. We provide a general characterization of lumpy behavior at the microeconomic level in terms of an...
Persistent link: https://www.econbiz.de/10012474885
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Indian Manufacturing Industry : Elephant or Tiger? New Evidence on the Asian Miracle
Hulten, Charles R. - 1999
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10012471341
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Infrastructure Investment and Labor Monopsony Power
Brooks, Wyatt; Kaboski, Joseph Paul; Kondo, Illenin O.; … - National Bureau of Economic Research - 2021
using an expansion of the national highway system in India. Using panel data on manufacturing firms, we find that monopsony …
Persistent link: https://www.econbiz.de/10012599267
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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10012461925