Measuring capacity utilisation in the italian manufacturing sector: a comparison between time series and survey estimates
The aim of this paper is to provide an interpretation of the measure of capacity utilisation provided by the European Union harmonised survey on the Italian manufacturing sector. In doing so, we evaluate its ability to correctly track cyclical turning points and its contribution in explaining consum...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2012
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The aim of this paper is to provide an interpretation of the measure of capacity utilisation provided by the European Union harmonised survey on the Italian manufacturing sector. In doing so, we evaluate its ability to correctly track cyclical turning points and its contribution in explaining consumer price index (CPI) inflation. The survey based measure results are a good co-incident indicator of business cycle, however it is generally outperformed by time series models in explaining inflation. We conclude that the standard "output gap" interpretation of the survey results is broadly confirmed by the data, however we cannot rule out at this stage that survey respondents may also consider the alternative "variable capacity utilisation" concept in answering the survey question. Keywords: Capacity utilisation, co-integration, unobserved component models, VAR.JEL Classification: E32, C22, E37 |
| Beschreibung: | 1 Online-Ressource (15 p.) 21 x 28cm. |
| DOI: | 10.1787/jbcma-2012-5k8znwp2nts8 |
Internformat
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061294721 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121447.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2012 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/jbcma-2012-5k8znwp2nts8 |2 doi | |
| 035 | |a (DE-627-1)061294721 | ||
| 035 | |a (DE-599)KEP061294721 | ||
| 035 | |a (FR-PaOEC)jbcma-2012-5k8znwp2nts8 | ||
| 035 | |a (EBP)061294721 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 100 | 1 | |a Malgarini, Marco |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Measuring capacity utilisation in the italian manufacturing sector |b a comparison between time series and survey estimates |c Marco, Malgarini and Antonio, Paradiso |
| 264 | 1 | |a Paris |b OECD Publishing |c 2012 | |
| 300 | |a 1 Online-Ressource (15 p.) |c 21 x 28cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a The aim of this paper is to provide an interpretation of the measure of capacity utilisation provided by the European Union harmonised survey on the Italian manufacturing sector. In doing so, we evaluate its ability to correctly track cyclical turning points and its contribution in explaining consumer price index (CPI) inflation. The survey based measure results are a good co-incident indicator of business cycle, however it is generally outperformed by time series models in explaining inflation. We conclude that the standard "output gap" interpretation of the survey results is broadly confirmed by the data, however we cannot rule out at this stage that survey respondents may also consider the alternative "variable capacity utilisation" concept in answering the survey question. Keywords: Capacity utilisation, co-integration, unobserved component models, VAR.JEL Classification: E32, C22, E37 | ||
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Italy | |
| 700 | 1 | |a Paradiso, Antonio |e MitwirkendeR |4 ctb | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Journal of Business Cycle Measurement and Analysis |g Vol. 2012, no. 2, p. 5-19 |
| 773 | 1 | 8 | |g volume:2012 |g year:2012 |g number:2 |g pages:5-19 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/jbcma-2012-5k8znwp2nts8 |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-article | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a AR | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061294721 |
|---|---|
| _version_ | 1816797352672886784 |
| adam_text | |
| any_adam_object | |
| author | Malgarini, Marco |
| author2 | Paradiso, Antonio |
| author2_role | ctb |
| author2_variant | a p ap |
| author_facet | Malgarini, Marco Paradiso, Antonio |
| author_role | aut |
| author_sort | Malgarini, Marco |
| author_variant | m m mm |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-article |
| ctrlnum | (DE-627-1)061294721 (DE-599)KEP061294721 (FR-PaOEC)jbcma-2012-5k8znwp2nts8 (EBP)061294721 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/jbcma-2012-5k8znwp2nts8 |
| format | Electronic Article |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02281caa a22003852 4500</leader><controlfield tag="001">ZDB-13-SOC-061294721</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121447.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2012 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/jbcma-2012-5k8znwp2nts8</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061294721</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061294721</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)jbcma-2012-5k8znwp2nts8</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061294721</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Malgarini, Marco</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Measuring capacity utilisation in the italian manufacturing sector</subfield><subfield code="b">a comparison between time series and survey estimates</subfield><subfield code="c">Marco, Malgarini and Antonio, Paradiso</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (15 p.)</subfield><subfield code="c">21 x 28cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The aim of this paper is to provide an interpretation of the measure of capacity utilisation provided by the European Union harmonised survey on the Italian manufacturing sector. In doing so, we evaluate its ability to correctly track cyclical turning points and its contribution in explaining consumer price index (CPI) inflation. The survey based measure results are a good co-incident indicator of business cycle, however it is generally outperformed by time series models in explaining inflation. We conclude that the standard "output gap" interpretation of the survey results is broadly confirmed by the data, however we cannot rule out at this stage that survey respondents may also consider the alternative "variable capacity utilisation" concept in answering the survey question. Keywords: Capacity utilisation, co-integration, unobserved component models, VAR.JEL Classification: E32, C22, E37</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Italy</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Paradiso, Antonio</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Journal of Business Cycle Measurement and Analysis</subfield><subfield code="g">Vol. 2012, no. 2, p. 5-19</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2012</subfield><subfield code="g">year:2012</subfield><subfield code="g">number:2</subfield><subfield code="g">pages:5-19</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/jbcma-2012-5k8znwp2nts8</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061294721 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:13Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (15 p.) 21 x 28cm. |
| psigel | ZDB-13-SOC ZDB-13-SOC-article |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | OECD Publishing |
| record_format | marc |
| spelling | Malgarini, Marco VerfasserIn aut Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates Marco, Malgarini and Antonio, Paradiso Paris OECD Publishing 2012 1 Online-Ressource (15 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The aim of this paper is to provide an interpretation of the measure of capacity utilisation provided by the European Union harmonised survey on the Italian manufacturing sector. In doing so, we evaluate its ability to correctly track cyclical turning points and its contribution in explaining consumer price index (CPI) inflation. The survey based measure results are a good co-incident indicator of business cycle, however it is generally outperformed by time series models in explaining inflation. We conclude that the standard "output gap" interpretation of the survey results is broadly confirmed by the data, however we cannot rule out at this stage that survey respondents may also consider the alternative "variable capacity utilisation" concept in answering the survey question. Keywords: Capacity utilisation, co-integration, unobserved component models, VAR.JEL Classification: E32, C22, E37 Economics Italy Paradiso, Antonio MitwirkendeR ctb Enthalten in OECD Journal: Journal of Business Cycle Measurement and Analysis Vol. 2012, no. 2, p. 5-19 volume:2012 year:2012 number:2 pages:5-19 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/jbcma-2012-5k8znwp2nts8 Volltext |
| spellingShingle | Malgarini, Marco Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates Economics Italy |
| title | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates |
| title_auth | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates |
| title_exact_search | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates |
| title_full | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates Marco, Malgarini and Antonio, Paradiso |
| title_fullStr | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates Marco, Malgarini and Antonio, Paradiso |
| title_full_unstemmed | Measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates Marco, Malgarini and Antonio, Paradiso |
| title_short | Measuring capacity utilisation in the italian manufacturing sector |
| title_sort | measuring capacity utilisation in the italian manufacturing sector a comparison between time series and survey estimates |
| title_sub | a comparison between time series and survey estimates |
| topic | Economics Italy |
| topic_facet | Economics Italy |
| url | https://doi.org/10.1787/jbcma-2012-5k8znwp2nts8 |
| work_keys_str_mv | AT malgarinimarco measuringcapacityutilisationintheitalianmanufacturingsectoracomparisonbetweentimeseriesandsurveyestimates AT paradisoantonio measuringcapacityutilisationintheitalianmanufacturingsectoracomparisonbetweentimeseriesandsurveyestimates |