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stronger (negative) than the direct wage share, when subject to a positive shock in capacity utilization. …
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Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...
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Der Aufsatz beschäftigt sich mit der Nutzung von Kapazitäten in der Wirtschaft. An graphischen Beispielen aus der deutschen Wirtschaft werden Kapazitäten und derren Nutzung basierend auf Berechnungen des Ifo Instituts erörtert.
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Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...
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