Trend-Through-Peaks Methods of Estimating Capacity Utilisation
Richard Harris () and
Jim Taylor
Chapter 2 in Working Below Capacity, 1987, pp 23-44 from Palgrave Macmillan
Abstract:
Abstract Information about the rate at which a nation’s productive resources are being utilised is essential if policymakers take the view that one of their primary functions is to maintain a satisfactory level of capacity utilisation. Most economists and policymakers, for example, would argue that it is the government’s responsibility to prevent both the over-utilisation of productive capacity (in order to avoid the emergence of inflationary pressure) and the under-utilisation of productive capacity (in order to avoid wasting scarce resources).
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08649-8_2
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DOI: 10.1007/978-1-349-08649-8_2
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