Diverging Measures of Capacity Utilization
Diverging Measures of Capacity Utilization

Author: Norman Morin

Publisher:

Published: 2004

Total Pages: 36

ISBN-13:

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"In the wake of the recent recovery in manufacturing production, the capacity utilization rates published by the Federal Reserve Board (FRB) have rebounded much more slowly than those published by the Institute for Supply Management (ISM). As a result, some observers have speculated that the manufacturing sector may have considerably less slack than is indicated by the FRB measures. Our view is that the two characterizations of manufacturing slack are not as incongruent as they first appear. This paper discusses the practical and conceptual differences between these measures of capacity utilization, and concludes that the recent divergence simply reflects the character of the latest business cycle"--Abstract.

Dynamism, Rivalry, and the Surplus Economy
Dynamism, Rivalry, and the Surplus Economy

Author: János Kornai

Publisher: Oxford University Press

Published: 2013-11-06

Total Pages: 206

ISBN-13: 0199334781

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In Dynamism, Rivalry, and the Surplus Economy, János Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus--a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labor and excess of demand. Whereas socialism is slothful and imitative, capitalism is dynamic and progressive. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.

Choosing a Research Method, Scientific Inquiry:
Choosing a Research Method, Scientific Inquiry:

Author: Christian S. Yorgure PhD

Publisher: Xlibris Corporation

Published: 2018-06-15

Total Pages: 255

ISBN-13: 1984528076

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This book provides the necessary operational understanding of the methods of research with a rare insight using detailed examples. The thirst for education has increased geometrically around the globe. In fact, governments and advocacy groups see the drive for the attainment of formal training as a social change agent with ramifications in other domains including democratization and more equitable society. The success of these campaigns has seen increased programs in colleges and individuals embracing different programs based on cost and convenience, and so on. Some students work independently with little direction. This book is written to serve as a companion, providing the necessary guidance, on research methods and it is useful for anyone involved in research primarily due to specific examples including case study research utilizing qualitative and quantitative designs.

Measures of Productive Capacity
Measures of Productive Capacity

Author: United States. Congress. Joint Economic Committee. Subcommittee on Economic Statistics

Publisher:

Published: 1962

Total Pages: 180

ISBN-13:

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Reviews production capacity definition and measurement problems.

Measurement of Productivity and Efficiency
Measurement of Productivity and Efficiency

Author: Robin C. Sickles

Publisher: Cambridge University Press

Published: 2019-03-28

Total Pages: 631

ISBN-13: 110703616X

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Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.

Measuring and Assessing Capacity in Fisheries
Measuring and Assessing Capacity in Fisheries

Author: Food and Agriculture Organization of the United Nations

Publisher: Food & Agriculture Org.

Published: 2003-11-30

Total Pages: 144

ISBN-13: 9789251050156

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This paper contains guidance on the measurement and assessment of fishing capacity, in light of the International Plan of Action for the Management of Fishing Capacity. Topics discussed include: definitions of capacity and related concepts; measurement of capacity and capacity utilisation; methodologies such as rapid appraisal techniques, stochastic production frontiers and data envelopment analysis; target capacity; interpretation and use of excess capacity measures.

An Empirical Analysis of Bond Recovery Rates
An Empirical Analysis of Bond Recovery Rates

Author: Daniel M. Covitz

Publisher:

Published: 2005

Total Pages: 74

ISBN-13:

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"A frictionless, structural view of default has the unrealistic implication that recovery rates on bonds, measured at default, should be close to 100 percent. This suggests that standard "frictions" such as default delays, corporate-valuation jumps, and bankruptcy costs may be important drivers of recovery rates. A structural view also suggests the existence of nonlinearities in the empirical relationship between recovery rates and their determinants. We explore these implications empirically and find direct evidence of jumps, and also evidence of the predicted nonlinearities. In particular, recovery rates increase as economic conditions improve from low levels, but decrease as economic conditions become robust. This suggests that improving economic conditions tend to boost firm values, but firms may tend to default during particularly robust times only when they have experienced large, negative shocks"--Abstract.