IDEAS home Printed from https://ideas.repec.org/a/taf/revpoe/v36y2024i5p2004-2025.html
   My bibliography  Save this article

Towards an Explanation of a Declining Trend in Capacity Utilisation in the US Economy: Analysing the NBER-CES Output–Capital Ratio

Author

Listed:
  • Santiago José Gahn

Abstract

In this article I analyse a declining trend in effective capacity utilisation in the United States, using the output–capital ratio from the NBER-CES database as a proxy for effective capacity utilisation. After identifying determinants of normal capacity utilisation in the literature, I find that this declining trend in the FRB’s capacity utilisation has also been present in the output–capital ratio of the NBER-CES sectoral database since 1958. Results suggest that relatively persistent technical (K/L), distribution (W/Y) and output changes have transitory effects on the output–capital ratio, my proxy for effective capacity utilisation.

Suggested Citation

  • Santiago José Gahn, 2024. "Towards an Explanation of a Declining Trend in Capacity Utilisation in the US Economy: Analysing the NBER-CES Output–Capital Ratio," Review of Political Economy, Taylor & Francis Journals, vol. 36(5), pages 2004-2025, November.
    • Handle: RePEc:taf:revpoe:v:36:y:2024:i:5:p:2004-2025
    DOI: 10.1080/09538259.2023.2210519
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09538259.2023.2210519
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09538259.2023.2210519?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:36:y:2024:i:5:p:2004-2025. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.