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Is there a decreasing trend in capacity utilisation in the US economy? Some new evidence

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  • Santiago J. Gahn

    (Università Cattolica del Sacro Cuore (IT))

Abstract

Recent contributions have mentioned the possibility of a decreasing trend in capacity utilisation in the US since the 70's. However, no consensus has emerged on the empirical evidence. Comparing the rate of capacity utilisation of the Federal Reserve Board [FRB] with the Full Utilisation Rate [FUR] and the National Emergency Rate [NER] of the Census Bureau, new empirical evidence is shown confirming that there exists such a decreasing trend in capacity utilisation in the US economy, at least since 1989.

Suggested Citation

  • Santiago J. Gahn, 2020. "Is there a decreasing trend in capacity utilisation in the US economy? Some new evidence," Working Papers PKWP2006, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp2006
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    References listed on IDEAS

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    Cited by:

    1. Michalis Nikiforos, 2020. "Notes on the Accumulation and Utilization of Capital: Some Empirical Issues," Economics Working Paper Archive wp_953, Levy Economics Institute.
    2. Joana David Avritzer & Lídia Brochier, 2022. "Household credit-financed consumption and the debt service ratio: tackling endogenous autonomous demand in the Supermultiplier model," Working Papers PKWP2219, Post Keynesian Economics Society (PKES).
    3. Michalis Nikiforos, 2021. "Notes on the accumulation and utilization of capital: Some empirical issues," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 679-695, November.

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    More about this item

    Keywords

    Capacity utilisation; growth;

    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

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