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An alternative micro-based output gap measure for Turkey: The capacity utilisation gap

Author

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  • Şahinöz, Saygın
  • Atabek, Aslıhan

Abstract

We propose a capacity utilisation gap as an alternative measure of the output gap in the Turkish economy on the basis of firm-level micro data. Estimation results provide supporting evidence for the adequacy of a capacity utilisation gap as an alternative indicator for assessing the overall state of the business cycle and inflation pressures.

Suggested Citation

  • Şahinöz, Saygın & Atabek, Aslıhan, 2016. "An alternative micro-based output gap measure for Turkey: The capacity utilisation gap," Economics Letters, Elsevier, vol. 143(C), pages 44-47.
    • Handle: RePEc:eee:ecolet:v:143:y:2016:i:c:p:44-47
    DOI: 10.1016/j.econlet.2016.03.008
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    Cited by:

    1. Alex Contreras M. & Pablo Del Aguila R. & Fernando Alonso Regalado S. & F. Martín Martinez P., 2017. "Brecha de la capacidad de utilización como medida alternativa de la brecha producto: Un enfoque para Perú basado en micro datos," Working Papers 94, Peruvian Economic Association.

    More about this item

    Keywords

    Capacity utilisation; Output gap; Phillips curve; Survey data;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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