Inventories in National Economies

Inventories in National Economies PDF Author: Attila Chikán
Publisher: Springer
ISBN: 1447173716
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
This book introduces a new approach in the field of macroeconomic inventory studies: the use of multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries. By analyzing a 44-year period series of annual inventory change in percentage of GDP in a set of OECD countries, disclosing their relationship to growth, industry structure and alternative uses of GDP (fixed capital investments, foreign trade and consumption), it fills a gap in the economic literature. It is generally accepted that inventories play an important role in all levels of the economy. However, while there is extensive literature on micro- (and even item-) level inventory problems, macroeconomic inventory studies are scarce. Both the long-term processes of inventory formation and their correlation with other macroeconomic factors provide interesting conclusions about economic changes and policies in our immediate past, and present important insights for the future.

Inventories in National Economies

Inventories in National Economies PDF Author: Attila Chikán
Publisher: Springer
ISBN: 1447173716
Category : Business & Economics
Languages : en
Pages : 325

Get Book Here

Book Description
This book introduces a new approach in the field of macroeconomic inventory studies: the use of multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries. By analyzing a 44-year period series of annual inventory change in percentage of GDP in a set of OECD countries, disclosing their relationship to growth, industry structure and alternative uses of GDP (fixed capital investments, foreign trade and consumption), it fills a gap in the economic literature. It is generally accepted that inventories play an important role in all levels of the economy. However, while there is extensive literature on micro- (and even item-) level inventory problems, macroeconomic inventory studies are scarce. Both the long-term processes of inventory formation and their correlation with other macroeconomic factors provide interesting conclusions about economic changes and policies in our immediate past, and present important insights for the future.

The Economics and Management of Inventories: Inventories in the national economy

The Economics and Management of Inventories: Inventories in the national economy PDF Author: Attila Chikán
Publisher: Elsevier Science & Technology
ISBN:
Category : Business & Economics
Languages : en
Pages : 372

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Book Description


Changes in Inventories in the National Accounts

Changes in Inventories in the National Accounts PDF Author: Mr.Segismundo Fassler
Publisher: International Monetary Fund
ISBN: 1451854293
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.

Changes in Inventories in the National Accounts

Changes in Inventories in the National Accounts PDF Author: Manik L. Shrestha
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.

Just-in-case Inventories

Just-in-case Inventories PDF Author: J. Luis Guasch
Publisher: World Bank Publications
ISBN:
Category : Inventories
Languages : en
Pages : 36

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Book Description
The authors find that raw materials inventories in the manufacturing sector in the 1970s and 1980s were two to three times higher in developing countries than in the United States, despite the fact that in most developing countries real interest rates were at least twice as high. Those significantly high levels of inventories are a burden and an obstacle to country competitiveness and need to be addressed. Poor infrastructure and ineffective regulation, as well as deficiencies in market development, rather than the traditional factors used in inventory models (such as interest rates and uncertainty), are the main determinants and explain these differences. Cross-country estimations show that a one standard deviation worsening of infrastructure increases raw materials inventories by 11 percent to 37 percent, and a one standard deviation worsening of markets increases raw materials inventories by 18 percent to 37 percent. These findings are robust across a number of different proxies and specifications, including an industry-level specification that controls for fixed country effects.

Inventories in Developing Countries

Inventories in Developing Countries PDF Author: J. Luis Guasch
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 30

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Book Description
High inventory levels in developing countries increase the cost of doing business and limit productivity and competitiveness. Improvements in infrastructure (roads, ports, and telecommunications) and in market development can help to significantly reduce inventory levels (and thus the cost of doing business), especially when accompanied by effective regulation and the development and deregulation of associated markets.

Inventory Fluctuations and Economic Stabilization

Inventory Fluctuations and Economic Stabilization PDF Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 272

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Book Description


Inventory Fluctuations and Economic Stabilization: Inventory fluctuations and economic instability

Inventory Fluctuations and Economic Stabilization: Inventory fluctuations and economic instability PDF Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 240

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Book Description


Inventory Fluctuations and Economic Stabilization: Supplementary study papers

Inventory Fluctuations and Economic Stabilization: Supplementary study papers PDF Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 156

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Book Description


Inventories in the National Economy

Inventories in the National Economy PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 72

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Book Description