Arbeitspapier
Idle Capital and Long-Run Productivity
In the present paper the joint determination of long-run income per worker and capital utilization is studied. It is shown that comparatively low (optimal) rates of capital utilization may arise in poor economies in response to weak underlying structural characteristics. Moreover, the quantitative implications of variable capital utilization are also explored. It is demonstrated that adding endogenous capital utilization to the Solow model implies a rate of convergence in line with empirical estimates, and, that controlling for capital utilization leads to interesting modifications of the results stemming from oft-cited exercises in cross-country growth and levels accounting.
- Language
-
Englisch
- Bibliographic citation
-
Series: EPRU Working Paper Series ; No. 2002-06
- Classification
-
Wirtschaft
- Subject
-
Kapazitätsauslastung
Produktivität
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Dalgaard, Carl-Johan
- Event
-
Veröffentlichung
- (who)
-
University of Copenhagen, Economic Policy Research Unit (EPRU)
- (where)
-
Copenhagen
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dalgaard, Carl-Johan
- University of Copenhagen, Economic Policy Research Unit (EPRU)
Time of origin
- 2002
Other Objects (12)
Religiosity and long-run productivity growth
Capital Taxation, Long-run Growth, and Bequests
Capital Taxation, Long-run Growth, and Bequests
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Migration, Human Capital Formation, and Long-Run Output
Human capital and long-run labor income risk
The Long-Run Effects of Agricultural Productivity on Conflict, 1400-1900
Is there a stable long-run relationship between unemployment and productivity?
Long‐run productivity trends: A global update with a global index
Long‐run productivity trends: A global update with a global index
Output, Capital, and Labor in the Short, and Long-Run
Religiosity and long-run productivity growth
Capital Taxation, Long-run Growth, and Bequests
Capital Taxation, Long-run Growth, and Bequests
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Migration, Human Capital Formation, and Long-Run Output
Human capital and long-run labor income risk
The Long-Run Effects of Agricultural Productivity on Conflict, 1400-1900
Is there a stable long-run relationship between unemployment and productivity?
Long‐run productivity trends: A global update with a global index
Long‐run productivity trends: A global update with a global index
Output, Capital, and Labor in the Short, and Long-Run
Religiosity and long-run productivity growth
Capital Taxation, Long-run Growth, and Bequests
Capital Taxation, Long-run Growth, and Bequests
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Migration, Human Capital Formation, and Long-Run Output
Human capital and long-run labor income risk
The Long-Run Effects of Agricultural Productivity on Conflict, 1400-1900
Is there a stable long-run relationship between unemployment and productivity?
Long‐run productivity trends: A global update with a global index
Long‐run productivity trends: A global update with a global index