Firm Capacity Underutilization and the Measurement of Productivity
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When estimating a production function, economists usually assume that firms fully employ all their available inputs. Contrary to this assumption, we document that underemployment of quasi-fixed inputs or low capacity utilization rates (CUR) is common across firms, especially in poor countries. Low
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美国国家经济研究局创建时间:
2025-09-01



