Les variations choisies de l'utilisation du capital: une revue des implications macroéconomiques

Martial Dupaigne

Revue d'économie politique, 2007, vol. 117, issue 2, 161-196

Abstract: This article studies capital utilization and its macroeconomic implications. Firms make choices regarding this dimension of the productive services of capital when a more intensive utilization is costly, or when it goes along with increased usage of others factors. Optimal utilization decisions imply a larger elasticity of output with respect to labor input and a smaller elasticity of output with respect to the capital stock. Quantitatively, such modifications do alter the equilibrium paths. We review the impact of variations in capital utilization on the transitory dynamics and the propagation of shocks.

Keywords: capital utilization; depreciation in use; shiftworking (search for similar items in EconPapers)
Date: 2007
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