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Inventories in National Economies - A Cross-Country Analysis of Macroeconomic Data (Hardcover, 1st ed. 2018)
Loot Price: R2,407
Discovery Miles 24 070
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Inventories in National Economies - A Cross-Country Analysis of Macroeconomic Data (Hardcover, 1st ed. 2018)
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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.
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