IDEAS home Printed from https://ideas.repec.org/a/taf/irapec/v22y2008i3p287-298.html
   My bibliography  Save this article

Capacity utilization and technology shocks in the US manufacturing sector

Author

Listed:
  • Jens Kruger

Abstract

The ability of real business cycle models to generate reasonable aggregate fluctuations depends on the time series properties of technology shocks measured by the change of total factor productivity. Three specifications of a non-parametric productivity analysis which correct to different degrees for variations of capacity utilization are compared in this article using data for three- and four-digit US manufacturing industries during the years 1958-1996. The results show that correcting for utilization generally leads to substantially smaller technology shocks that are less strongly correlated with growth of output and hours. Moreover, the probability of technological regress is considerably lower after the correction.

Suggested Citation

  • Jens Kruger, 2008. "Capacity utilization and technology shocks in the US manufacturing sector," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(3), pages 287-298.
  • Handle: RePEc:taf:irapec:v:22:y:2008:i:3:p:287-298
    DOI: 10.1080/02692170802003368
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/02692170802003368
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Eric J. Bartelsman & Wayne Gray, 1996. "The NBER Manufacturing Productivity Database," NBER Technical Working Papers 0205, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:irapec:v:22:y:2008:i:3:p:287-298. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/CIRA20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.