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Capacity Utilization and Technology Shocks in the U.S. Manufacturing Sector


  • Jens J. Krüger

    () (University of Jena, Faculty of Economics)


In this paper the time series properties of the outcomes of two different specifications of a nonparametric productivity analysis are compared using data for three- and four- digit U.S. manufacturing industries over the period 1958-96. The first model is standard and does not account for variations of capacity utilization of the production factors whereas the second model does. Correcting for utilization leads on average to substantially smaller technology shocks which are less strongly correlation with growth rate series of output and hours as the results show. Also the probability of technological regress is considerably lower after the correction.

Suggested Citation

  • Jens J. Krüger, 2004. "Capacity Utilization and Technology Shocks in the U.S. Manufacturing Sector," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 10/2004, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  • Handle: RePEc:jen:jenasw:2004-10

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    References listed on IDEAS

    1. Scholl, Armin & Becker, Christian, 2005. "A note on "An exact method for cost-oriented assembly line balancing"," International Journal of Production Economics, Elsevier, vol. 97(3), pages 343-352, September.
    2. Roland Helm & Rudolf C. Meiler, 2003. "Intangible Ressourcen, strategische Ziele und Management interner Wissenspotenziale," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 19/2003, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
    3. Amen, Matthias, 2000. "An exact method for cost-oriented assembly line balancing," International Journal of Production Economics, Elsevier, vol. 64(1-3), pages 187-195, March.
    4. Armin Scholl & Robert Klein & Lutz Häselbarth, 2003. "Planung im Spannungsfeld zwischen Informationsdynamik und zeitlichen Interdependenzen," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 14/2003, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
    5. Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178.
    6. Armin Scholl & Lutz Häselbarth, 2003. "Bestellmengenplanung im zeitlich offenen Entscheidungsfeld," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 16/2003, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
    7. Lutz Häselbarth & Armin Scholl, 2003. "Dynamische Bestellmengenplanung für verderbliche Luxusgüter," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 13/2003, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
    8. Uwe Cantner & Kristina Dreßler & Jens J. Krüger, 2006. "Firm survival in the German automobile industry," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 33(1), pages 49-60, March.
    9. Uwe Cantner & Werner Gueth & Andreas Nicklisch & Torsten Weiland, 2003. "Competition in Innovation and Imitation - A Theoretical and Experimental Study -," Papers on Strategic Interaction 2004-02, Max Planck Institute of Economics, Strategic Interaction Group.
    10. Uwe Cantner & Holger Graf & Dirk Fornahl, 2003. "Innovationssystem und Gründungsgeschehen in Jena: Erste Erkenntnisse einer Unternehmensbefragung," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 06/2003, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
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    More about this item


    technology shocks; business cycles; nonparametric productivity measurement;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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