Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105969
Authors: 
Schoder, Christian
Year of Publication: 
2012
Series/Report no.: 
IMK Working Paper 103
Abstract: 
Using the Cointegrated VAR framework, we provide evidence for the US manufacturing sector that the principle of effective demand in a growth context, by which a permanent demand shock has a permanent growth effect, is consistent with the stylized fact of a stationary rate of capacity utilization, since production capacities adjust endogenously to current output.
Subjects: 
effective demand
stationary utilization rate
endogenous capacity
cointegrated vector autoregression
JEL: 
E12
E22
C22
Document Type: 
Working Paper

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