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Capital Utilization - A Theoretical and Empirical Analysis (Paperback)
Loot Price: R979
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Capital Utilization - A Theoretical and Empirical Analysis (Paperback)
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This 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.
General
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