The Normal Degree of Capacity Utilization: The History of a Controversial Concept

Attilio Trezzini () and Daria Pignalosa ()

No CSWP49, Centro Sraffa Working Papers from Centro di Ricerche e Documentazione "Piero Sraffa"

Abstract: The determination of the normal degree of capacity utilization has been addressed in the analysis of radically different problems and with different theoretical approaches. By going back over the history of these analyses, the paper highlights the main findings that have emerged from the early literature on the subject and identifies some generally shared principles on the one hand and different methodological positions on the other. Finally, attention is drawn to some issues that seem susceptible to further investigation.

Keywords: capacity utilization; choice of technique; demand-led growth; competition (search for similar items in EconPapers)
JEL-codes: B51 D21 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2021-04
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:sraffa:0049

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