Electricity-based Measures of Capital Utilisation by United Kingdom Manufacturing Industry

Derek Bosworth and Tony Westaway

Chapter 14 in Working Below Capacity, 1987, pp 380-405 from Palgrave Macmillan

Abstract: Abstract The degree to which the productive capital of the economy is utilised is now recognised as an important dimension of production and a potentially significant influence on other factor demands, such as the demands for employees and hours, as well as the level of investment activity.1 The empirical finding of increasing returns to hours in the employment function literature was, in part, argued to be a consequence of the misspecification of the model, associated with the omission of capital utilisation.2 A more recent concern has been the extent to which the demands for hours and capital utilisation are separate influences on production.3 Each requires empirical validation, which, in turn, necessitates the construction of accurate and meaningful measures of capital utilisation.

Keywords: Fuel Consumption; Production Function; Technological Change; Capital Stock; Electricity Consumption (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08649-8_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349086498

DOI: 10.1007/978-1-349-08649-8_14

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().