Ο βαθμός εκμετάλλευσης του πάγιου κεφαλαίου και η εκτίμηση της παραγωγικής δυναμικότητας των κλάδων της ελληνικής μεταποίησης, 1963-1983
Part of : Σπουδαί : journal of economics and business ; Vol.42, No.2, 1992, pages 130-152
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130-152
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Abstract:
In this paper we estimate the rate of capital utilization as well as the productive capacity of the Greek Industry, at the branch level for the period 1963-1983. Our method estimates the rare of capital utilization making use of the maximum deviation of the average productivity of capital from its linear trend. Then capital utilization rates are used for the estimation of the productive capacity of the branches of Greek industry. We use potential and real output to estimate Cobb-Douglas production functions and find that the results of the potential output regression show a significant improvement over those of the real output regression which produces mainly negative or insignificant coefficients. We conclude that our method produces estimates of potential output that improve the over all performance of production functions and therefore it should be used in empirical studies of the Greek Industry.
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