Matches in SemOpenAlex for { <https://semopenalex.org/work/W2024392375> ?p ?o ?g. }
- W2024392375 endingPage "36" @default.
- W2024392375 startingPage "7" @default.
- W2024392375 abstract "This paper overcomes an important objection against the empirical relevance of the Benhabib-Farmer model as a potential account of actual business cycle fluctuations. This is attributable to an elasticity effect and a returns-to-scale effect of capacity utilization. These effects are closely related to the empirical puzzles that capital appears to play an insignificant role in explaining cyclical movements in output and that the estimated labor elasticity appears to be larger than labor's share. Due to these effects, multiple equilibria and persistent fluctuations can easily occur in a growth model for externalities mild enough so that the aggregate-labor-demand curve is downward sloping. Analyses show that the propagation mechanism generated by capacity utilization under mild increasing returns is capable of explaining the periodic patterns of U.S. business cycles documented by Watson.Journal of Economic LiteratureClassification Numbers: E32, E22, C52." @default.
- W2024392375 created "2016-06-24" @default.
- W2024392375 creator A5038325850 @default.
- W2024392375 date "1998-07-01" @default.
- W2024392375 modified "2023-10-02" @default.
- W2024392375 title "Capacity Utilization under Increasing Returns to Scale" @default.
- W2024392375 cites W1528221582 @default.
- W2024392375 cites W1963862960 @default.
- W2024392375 cites W1991009982 @default.
- W2024392375 cites W2008681727 @default.
- W2024392375 cites W2014582924 @default.
- W2024392375 cites W2023115304 @default.
- W2024392375 cites W2023147465 @default.
- W2024392375 cites W2027565555 @default.
- W2024392375 cites W2038842205 @default.
- W2024392375 cites W2045127993 @default.
- W2024392375 cites W2060606743 @default.
- W2024392375 cites W2066535795 @default.
- W2024392375 cites W2067740357 @default.
- W2024392375 cites W2078048375 @default.
- W2024392375 cites W2082576656 @default.
- W2024392375 cites W2083287871 @default.
- W2024392375 cites W2087292465 @default.
- W2024392375 cites W2091504900 @default.
- W2024392375 cites W2114907228 @default.
- W2024392375 cites W2125334333 @default.
- W2024392375 cites W2164564150 @default.
- W2024392375 cites W3123290401 @default.
- W2024392375 cites W3124461630 @default.
- W2024392375 cites W4229599239 @default.
- W2024392375 cites W4251489232 @default.
- W2024392375 cites W4254290186 @default.
- W2024392375 cites W96029652 @default.
- W2024392375 doi "https://doi.org/10.1006/jeth.1998.2412" @default.
- W2024392375 hasPublicationYear "1998" @default.
- W2024392375 type Work @default.
- W2024392375 sameAs 2024392375 @default.
- W2024392375 citedByCount "249" @default.
- W2024392375 countsByYear W20243923752012 @default.
- W2024392375 countsByYear W20243923752013 @default.
- W2024392375 countsByYear W20243923752014 @default.
- W2024392375 countsByYear W20243923752015 @default.
- W2024392375 countsByYear W20243923752016 @default.
- W2024392375 countsByYear W20243923752017 @default.
- W2024392375 countsByYear W20243923752018 @default.
- W2024392375 countsByYear W20243923752019 @default.
- W2024392375 countsByYear W20243923752020 @default.
- W2024392375 countsByYear W20243923752021 @default.
- W2024392375 countsByYear W20243923752022 @default.
- W2024392375 countsByYear W20243923752023 @default.
- W2024392375 crossrefType "journal-article" @default.
- W2024392375 hasAuthorship W2024392375A5038325850 @default.
- W2024392375 hasBestOaLocation W20243923752 @default.
- W2024392375 hasConcept C111472728 @default.
- W2024392375 hasConcept C121854251 @default.
- W2024392375 hasConcept C13166094 @default.
- W2024392375 hasConcept C138885662 @default.
- W2024392375 hasConcept C139719470 @default.
- W2024392375 hasConcept C149782125 @default.
- W2024392375 hasConcept C159985019 @default.
- W2024392375 hasConcept C16118543 @default.
- W2024392375 hasConcept C162324750 @default.
- W2024392375 hasConcept C165083353 @default.
- W2024392375 hasConcept C166052673 @default.
- W2024392375 hasConcept C175444787 @default.
- W2024392375 hasConcept C192562407 @default.
- W2024392375 hasConcept C2778348673 @default.
- W2024392375 hasConcept C556758197 @default.
- W2024392375 hasConcept C83873408 @default.
- W2024392375 hasConcept C97684219 @default.
- W2024392375 hasConceptScore W2024392375C111472728 @default.
- W2024392375 hasConceptScore W2024392375C121854251 @default.
- W2024392375 hasConceptScore W2024392375C13166094 @default.
- W2024392375 hasConceptScore W2024392375C138885662 @default.
- W2024392375 hasConceptScore W2024392375C139719470 @default.
- W2024392375 hasConceptScore W2024392375C149782125 @default.
- W2024392375 hasConceptScore W2024392375C159985019 @default.
- W2024392375 hasConceptScore W2024392375C16118543 @default.
- W2024392375 hasConceptScore W2024392375C162324750 @default.
- W2024392375 hasConceptScore W2024392375C165083353 @default.
- W2024392375 hasConceptScore W2024392375C166052673 @default.
- W2024392375 hasConceptScore W2024392375C175444787 @default.
- W2024392375 hasConceptScore W2024392375C192562407 @default.
- W2024392375 hasConceptScore W2024392375C2778348673 @default.
- W2024392375 hasConceptScore W2024392375C556758197 @default.
- W2024392375 hasConceptScore W2024392375C83873408 @default.
- W2024392375 hasConceptScore W2024392375C97684219 @default.
- W2024392375 hasIssue "1" @default.
- W2024392375 hasLocation W20243923751 @default.
- W2024392375 hasLocation W20243923752 @default.
- W2024392375 hasOpenAccess W2024392375 @default.
- W2024392375 hasPrimaryLocation W20243923751 @default.
- W2024392375 hasRelatedWork W2024392375 @default.
- W2024392375 hasRelatedWork W2148175683 @default.
- W2024392375 hasRelatedWork W2172048483 @default.
- W2024392375 hasRelatedWork W2965639894 @default.
- W2024392375 hasRelatedWork W3004095363 @default.
- W2024392375 hasRelatedWork W3121549176 @default.