Capital Utilization: A Theoretical and Empirical Analysis - Hardcover

Betancourt, Roger R.; Clague, Christopher K.

Hardcover

ISBN 10: 0521235839 ISBN 13: 9780521235839

Publisher: Cambridge University Press, 1981

Synopsis

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.

About this title

Book Description

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.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1981
• Language: English
• ISBN 10: 0521235839
• ISBN 13: 9780521235839
• Binding: Hardcover
• Number of pages: 265