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Productive capital operating times increased sharply in 2017 – findings of the Banque de France survey
[La durée d’utilisation des équipements progresse fortement en 2017 – Résultats de l’enquête menée par la Banque de France]

Author

Listed:
  • Valérie Chouard
  • Laurent Baudry
  • Agnès Minier
  • Roxanne Tabouret
  • Sylvie Tarrieu

Abstract

Productive capital operating times (COT) grew more in 2017 than in the previous year (up 3.7%, compared with a 1.6% increase in 2016), particularly in the transport equipment sector. The average increase in COT observed in 2017 highlights the constraints faced by businesses trying to expand their activity. For example, more than 40% of businesses stated that certain obstacles prevented them from extending COT, the most important of which was the shortage of skilled labour. Lastly, the extra depreciation allowance for tax purposes – the 2017 COT survey focus – led to more than 21% of businesses making capital investments sooner than originally planned following its introduction in 2015. Almost 12% of businesses surveyed say that they had been encouraged to increase their investments, with the increase in the value of investments amounting to around 18% following this French government measure.

Suggested Citation

  • Valérie Chouard & Laurent Baudry & Agnès Minier & Roxanne Tabouret & Sylvie Tarrieu, 2018. "Productive capital operating times increased sharply in 2017 – findings of the Banque de France survey [La durée d’utilisation des équipements progresse fortement en 2017 – Résultats de l’enquête m," Bulletin de la Banque de France, Banque de France, issue 216.
    • Handle: RePEc:bfr:bullbf:2018:216:01
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    References listed on IDEAS

    as
    1. Cette Gilbert & Lecat Rémy & Ahmed Jiddou Ahmed Ould, 2016. "How do firms adjust production factors to the cycle?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(2), pages 361-394, June.
    2. Gilbert Cette & Nicolas Dromel & Rémy Lecat & Anne-Charlotte Paret, 2015. "Production Factor Returns: The Role of Factor Utilization," The Review of Economics and Statistics, MIT Press, vol. 97(1), pages 134-143, March.
    3. Gilbert Cette & Nicolas Dromel & Rémy Lecat & Anne-Charlotte Paret, 2015. "Production Factor Returns: The Role of Factor Utilization," The Review of Economics and Statistics, MIT Press, vol. 97(1), pages 134-143, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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