Capital Utilization: A Theoretical and Empirical Analysis

Introduction Part I. Shift-work and the theory of the firm: 1. Cost minimization 2. Specific functional forms: additional results 3. Profit maximization Part II. Estimation: 4. The estimation framework 5. Econometric literature on capital utilization: an Interpretation 6. Empirical implementation Part III. Results: 7. Individual-country results 8. International comparisons Part IV. Implications: 9. Analysis of policy changes 10. Capital utilization and economic growth 11. Shift-work and the dual economy 12. Conclusions and speculations.