TY  - JOUR
AU  - Baxter,Marianne
AU  - Farr,Dorsey D.
TI  - The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity: Some International Evidence
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8475
PY  - 2001
Y2  - September 2001
UR  - http://www.nber.org/papers/w8475
L1  - http://www.nber.org/papers/w8475.pdf
N1  - Author contact info:
Marianne Baxter
Department of Economics
Boston University
270 Bay State Road
Boston, MA  02215
Tel: 617/353-2417
Fax: 617/353-4449
E-Mail: mbaxter@bu.edu

Dorsey D. Farr
E-Mail: dfarr@frenchwolffarr.com
AB  - This paper explores how accounting for variations in factor utilization rates alters the empirical characteristics of productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters many of the empirical characteristics of productivity, both within and across countries.
ER  -