Published in:Banque de France Working Paper ; No. 317
Extent:
1 Online-Ressource (22 p)
Language:
English
DOI:
10.2139/ssrn.1761968
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2011 erstellt
Description:
Short-term increasing returns to production factors are usually found in empirical studies. We argue they can be due to omitted variables, particularly the intensity of factor utilisation. Thanks to original French firm-level data (1992-2008), we show how increasing returns to scale disappear when working time, capacity utilisation rate and mainly capital operating time are introduced in the production function