The Endogeneity-to-Demand of the National Emergency Utilization Rate

The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a “national emergency” definition potential output and published by US Census Bureau. Over peak-to-peak period 1989–2019, NEUR decreased 14.2 percent. examines trajectory determinants capacity over same as specified in related theory, namely: capital intensity, relative prices labor capital, shift differentials, rhythmic variations demand, industry concentration, aggregate demand. It shows that most them have moved direction would lead to increase utilization. main factor can explain decrease while concentration might also played small role.