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Inventory investment and GDP characteristics in OECD countries

Chikán, Attila and Kovács, Erzsébet (2009) Inventory investment and GDP characteristics in OECD countries. International Journal of Production Economics, 118 (1). pp. 2-9. DOI 10.1016/j.ijpe.2008.08.004

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Official URL: http://linkinghub.elsevier.com/retrieve/pii/S0925527308002405


Abstract

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.

Item Type:Article
Series Number / Identification Number:10.1016/j.ijpe.2008.08.004
Uncontrolled Keywords:Macroeconomic inventory behaviour, OECD countries, GDP growth, Inventory trends, Foreign trade balance, Fixed capital investment
Subjects:International economics
Economic development
Logistics, production management
DOI:10.1016/j.ijpe.2008.08.004
ID Code:385
Deposited By: Ádám Hoffmann
Deposited On:08 Jun 2011 07:59
Last Modified:08 Jun 2011 07:59

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