Fiche du document
1 janvier 2016
- handle: 10670/1.pbbiib
- hal: hal-03566891
- doi: 10.1515/bejm-2014-0099
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1515/bejm-2014-0099
info:eu-repo/semantics/OpenAccess
Mots-clés
factor utilization production function rigidities ACL-3 D - Microeconomics/D.D2 - Production and Organizations/D.D2.D24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E22 - Investment • Capital • Intangible Capital • Capacity O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O43 - Institutions and GrowthSujets proches
Capital assets Fixed assetsCiter ce document
Gilbert Cette et al., « How do firms adjust production factors to the cycle? », HAL-SHS : économie et finance, ID : 10.1515/bejm-2014-0099
Métriques
Partage / Export
Résumé
This paper studies the adjustment of production factors to the cycle taking into account factor utilization in multiple dimensions (labor working time, capital operating time and capital capacity utilization) and examines the impact of obstacles to increasing capital operating time on this adjustment path. Factor utilization adjusts the most rapidly, first through capital capacity utilization and capital operating time and then labor working time. The adjustment is slow for the number of employees and even slower for the capital stock. Obstacles to increasing capital operating time lead to a slower adjustment of capital operating time, offset by a stronger adjustment of capacity utilization.