Capacity utilization and inflation : international evidence

The relevance of domestic and foreign capacity utilization rates in forecasting future inflation rate has been investigated empirically, using five industrialized countries for which the comparable data are available. It has been found that capacity utilization rates, both domestic and foreign, have...

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Main Author: Padungrat, Teardchart
Other Authors: Baek, Dae Hyun
Language:en_US
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/1957/35192
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spelling ndltd-ORGSU-oai-ir.library.oregonstate.edu-1957-351922012-11-22T03:31:10ZCapacity utilization and inflation : international evidencePadungrat, TeardchartIndustrial capacity -- Econometric modelsInflation (Finance) -- Econometric modelsThe relevance of domestic and foreign capacity utilization rates in forecasting future inflation rate has been investigated empirically, using five industrialized countries for which the comparable data are available. It has been found that capacity utilization rates, both domestic and foreign, have a long run stable relationship with domestic inflation rate and a positive shock in the capacity utilization rate results in a significant, although a little bit delayed, acceleration in the domestic inflation rate. Various econometric techniques have been used and led to consistent empirical findings. The results in the present study, therefore, dispute the claim that an increase in capacity utilization rate may not necessarily lead to an accelerated inflation down the road.Graduation date: 1995Baek, Dae Hyun2012-11-21T21:42:30Z2012-11-21T21:42:30Z1995-03-101995-03-10Thesis/Dissertationhttp://hdl.handle.net/1957/35192en_US
collection NDLTD
language en_US
sources NDLTD
topic Industrial capacity -- Econometric models
Inflation (Finance) -- Econometric models
spellingShingle Industrial capacity -- Econometric models
Inflation (Finance) -- Econometric models
Padungrat, Teardchart
Capacity utilization and inflation : international evidence
description The relevance of domestic and foreign capacity utilization rates in forecasting future inflation rate has been investigated empirically, using five industrialized countries for which the comparable data are available. It has been found that capacity utilization rates, both domestic and foreign, have a long run stable relationship with domestic inflation rate and a positive shock in the capacity utilization rate results in a significant, although a little bit delayed, acceleration in the domestic inflation rate. Various econometric techniques have been used and led to consistent empirical findings. The results in the present study, therefore, dispute the claim that an increase in capacity utilization rate may not necessarily lead to an accelerated inflation down the road. === Graduation date: 1995
author2 Baek, Dae Hyun
author_facet Baek, Dae Hyun
Padungrat, Teardchart
author Padungrat, Teardchart
author_sort Padungrat, Teardchart
title Capacity utilization and inflation : international evidence
title_short Capacity utilization and inflation : international evidence
title_full Capacity utilization and inflation : international evidence
title_fullStr Capacity utilization and inflation : international evidence
title_full_unstemmed Capacity utilization and inflation : international evidence
title_sort capacity utilization and inflation : international evidence
publishDate 2012
url http://hdl.handle.net/1957/35192
work_keys_str_mv AT padungratteardchart capacityutilizationandinflationinternationalevidence
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