Inventory investment and production in Europe during the "Great Recession": Is there a pattern?
The paper examines the nexus between inventory investment and the change in aggregate production during the "Great Recession" of 2008/09 for 29 European countries. A fairly uniform pattern emerges. Inventory investment is positively correlated with changes in production and follows the latter with a time-lag of two to three quarters. Very few countries (Austria, Greece, Spain and Switzerland) diverge from the typical pattern. This might hint to problems with respect to data quality.
Year of publication: |
2011
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Authors: | Abrahamsen, Yngve ; Hartwig, Jochen |
Published in: |
International Journal of Production Economics. - Elsevier, ISSN 0925-5273. - Vol. 132.2011, 2, p. 174-177
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Publisher: |
Elsevier |
Keywords: | Inventory investment Production Business cycle "Great Recession" in Europe |
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