Konvolut Regression

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Konvolut Regression

Author:: Steindl, Josef

Scope:: Konvolut, handschriftlich, 22 lose Blätter

Year of publication:: 1990

Source material date:: [vermutlich um 1990]

Language:: English German

Description:: Notizen zu Regression, Regelmechanismus, Altersverteilung, Vermögen.

Note:: Titel fingiert.

Topic:: Stochastic processes and size distribution

Shelfmark:: S/M.55.1

Access:: Free access

7 the available data on utilisation were used,by means of the production index, to calculate the implicit indes of capacity. The results were then compared with the data on gross capital stock. This showed for some countries such as the U.S. a lesser growth of capacity which was interpreted as a shortening of the life-time of equipment. This attempt to make explicit the implications of a very shaky data basis throws some light on our ignorance in this field. We know much less about capital eqqipment than demographers know about people. We have no statistics at all about scrapping (death) and our ideas about the length of life are rather conventional. The assumption of a constant length of life underlies all statistics of the capitla stock. The concepts of capacity and utilisation as well as the empirical data need considerable study. This would also give opportunity for interdisciplinary work ( cooperation with engineers to obtain technical expertise ). The importance of the capacity concept has also been suggested by Roncaglia when he spoke of the distinction between claasical and Keynesian unemployment. Classically unemployed are those who can not be employed for lack of capital - for what I would call employment capacity in contrast to output capacity which is the usual meaning of "capacity". Roncaglia suggested that classical enemployment is being created by the policy of restricting demand because it leads to a deficiency of investment. ( Perhaps the neglecht of investment in "human capital" is even more grave ). But a lack of capacity may arise also from demographic reasons: At the end of the second period there was a substantial increase in the growht rate of the labour force in the U.S. The reasons were higher birth and

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