Re: PKT Seminar: Capacity Utilisation

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> Subject: Re: PKT Seminar: Capacity Utilisation
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> X-Comment:  POST-KEYNESIAN THOUGHT
>
> The question is, how is utilisation measured?  In NZ
> our main surveyor asks the question "By how much
> are you able to increase current production without
> increasing unit costs?"  and firms answer in
> categories 0%, 1-5%, 6-10%, etc.  The resulting series
> looks reasonably stationary, exhibits cycles that
> match intuitive demand cycles, and seems to work
> well as an indicator of demand pressure and the
> margins component in prices.
>
> Tim Ng
>
>
Tim     Can you give me a title and source for this series? One post
keynesian stylized fact is that output is demand-constrained and not
supply- constrained. Does your NZ capacity-utilization series
indicate endogenous excess capacity? What proportion of firms list
category 0%?      Basil Moore