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The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity: Some International Evidence / Marianne Baxter, Dorsey D. Farr.
- Format:
- Book
- Author/Creator:
- Baxter, Marianne.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8475.
- NBER working paper series no. w8475
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- 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. We find that adjusting for cyclical movements in capital utilization alters many of the empirical characteristics of productivity, both within and across countries.
- Notes:
- Print version record
- September 2001.
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