{"product_id":"capital-utilization-a-theoretical-and-empirical-analysis-paperback-9780521070287","title":"Capital Utilization; A Theoretical and Empirical Analysis (Paperback \/ softback) 9780521070287","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCapital Utilization\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Theoretical and Empirical Analysis\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book presents the theory of capital utilization, a discussion of the econometrics of capital utilization, and econometric tests of the theory using international data.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRoger R. Betancourt (Author), Christopher K. Clague (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521070287, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 31 July 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e268 pages\u003cbr\u003e22.9 x 15.2 x 1.5 cm, 0.4 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book presents the theory of capital utilization, a discussion of the econometrics of capital utilization, and econometric tests of the theory using international data. Capital utilization, defined as the proportion of time that capital is working productively, is mainly affected by shift-working. Capital utilization is an important economic variable that has received serious attention from economists only since the mid-1960s In the first part, the authors provide a synthesis of current knowledge, combining a consistent statement of existing theory with some major extensions. In the second part, they turn to the econometrics, first discussing the appropriate methodology and then testing the theory on data from several countries. This empirical work is considerably more sophisticated than previous studies on this topic. Having established the theory and tested it, they move on to consider policy, the relationship between capital utilization and economic growth, and the place of shift-work in the dual economy.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction\u003cbr\u003e Part I. Shift-work and the theory of the firm: 1. Cost minimization\u003cbr\u003e 2. Specific functional forms: additional results\u003cbr\u003e 3. Profit maximization\u003cbr\u003e Part II. Estimation: 4. The estimation framework\u003cbr\u003e 5. Econometric literature on capital utilization: an Interpretation\u003cbr\u003e 6. Empirical implementation\u003cbr\u003e Part III. Results: 7. Individual-country results\u003cbr\u003e 8. International comparisons\u003cbr\u003e Part IV. Implications: 9. Analysis of policy changes\u003cbr\u003e 10. Capital utilization and economic growth\u003cbr\u003e 11. Shift-work and the dual economy\u003cbr\u003e 12. Conclusions and speculations.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Investment \u0026amp; securities [\u003ca title=\"See our other books on Investment \u0026amp; securities\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Investment%20\u0026amp;%20securities%20%5BKFFM%5D%22\"\u003eKFFM\u003c\/a\u003e], Economic theory \u0026amp; philosophy [\u003ca title=\"See our other books on Economic theory \u0026amp; philosophy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20theory%20\u0026amp;%20philosophy%20%5BKCA%5D%22\"\u003eKCA\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006350840088,"sku":"9780521070287","price":29.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521070287i.jpg?v=1694969167","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/capital-utilization-a-theoretical-and-empirical-analysis-paperback-9780521070287","provider":"Freshly Printed Books","version":"1.0","type":"link"}