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An alternative micro-based output gap measure for Turkey: The capacity utilisation gap

Saygın Şahinöz and Aslihan Atabek Demi̇rhan ()
Authors registered in the RePEc Author Service: Saygin Cevik ()

Economics Letters, 2016, vol. 143, issue C, 44-47

Abstract: We propose a capacity utilisation gap as an alternative measure of the output gap in the Turkish economy on the basis of firm-level micro data. Estimation results provide supporting evidence for the adequacy of a capacity utilisation gap as an alternative indicator for assessing the overall state of the business cycle and inflation pressures.

Keywords: Capacity utilisation; Output gap; Phillips curve; Survey data (search for similar items in EconPapers)
JEL-codes: E31 E32 E52 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1016/j.econlet.2016.03.008

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