Inventory investment and GDP characteristics in OECD countries
There are very few research studies on macroeconomic inventory behaviour of various countries. It is clear that macro inventories are the results of a large number of individual microdecisions. However, we believe that it is worth analysing how inventories develop in the individual countries and why we can see different tendencies. This paper is the newest piece in a series of studies on the above subject. We use the OECD database to analyse inventory trends between 1987 and 2004 in nine of the most developed economies of the world. Annual inventory investment data are used and their connections with other components of GDP expenditure (governmental and private consumption, investment in fixed assets and foreign trade balance as well as the annual growth rate of GDP) are examined by multi-variable statistical analysis. Conclusions include the steadily decreasing tendency of inventory fluctuations, the varying periods of higher and lower rates of inventory investments and the differences of main influencing factors by country.
Year of publication: |
2009
|
---|---|
Authors: | Chikán, Attila ; Kovács, Erzsébet |
Published in: |
International Journal of Production Economics. - Elsevier, ISSN 0925-5273. - Vol. 118.2009, 1, p. 2-9
|
Publisher: |
Elsevier |
Keywords: | Macroeconomic inventory behaviour OECD countries GDP growth Inventory trends Foreign trade balance Fixed capital investment |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Inventory investment and sectoral characteristics in some OECD countries
Chikán, Attila, (2011)
-
Inventory investment and sectoral characteristics in some OECD countries
Chikán, Attila, (2011)
-
Inventory investment and GDP characteristics in OECD countries
Chikán, Attila, (2009)
- More ...