TY  - Working paper
AU  - StatsNZ




PY  - 2012
T1  - Adjusting productivity statistics for variable capacity utilisation
PB  - StatsNZ


DO  - https://doi.org/APO-31440
UR  - https://apo.org.au/node/31440

AB  - This paper outlines the implications of adjusting productivity statistics for a variable rate of capacity utilisation of capital.
Capacity utilisation data from the New Zealand Institute of Economic Research shows that capacity utilisation is not constant over time. Capacity utilisation adjustment leads to marginally lower capital input growth and higher multifactor productivity (MFP) growth at the measured sector level.
ER  -