Abrahamsen, Yngve; Hartwig, Jochen - KOF Swiss Economic Institute, Department of Management, … - 2011
The paper investigates the nexus between inventory investment and the change in aggregate production for 29 European … 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. Therefore, there is no evidence that inventory investment either drives or …