Overview
Provides a deeper understanding on the formation of inventories, structural relationships, and also the long-term characteristics of national economies
Introduces a new approach in the field of macroeconomic inventory studies
Uses multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries
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Table of contents (7 chapters)
Keywords
About this book
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.
Authors and Affiliations
Bibliographic Information
Book Title: Inventories in National Economies
Book Subtitle: A Cross-Country Analysis of Macroeconomic Data
Authors: Attila Chikán, Erzsébet Kovács, Zsolt Matyusz, Magdolna Sass, Péter Vakhal
DOI: https://doi.org/10.1007/978-1-4471-7371-7
Publisher: Springer London
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer-Verlag London Ltd., part of Springer Nature 2018
Hardcover ISBN: 978-1-4471-7369-4Published: 16 April 2018
Softcover ISBN: 978-1-4471-7435-6Published: 10 December 2019
eBook ISBN: 978-1-4471-7371-7Published: 05 April 2018
Edition Number: 1
Number of Pages: XIV, 314
Number of Illustrations: 134 b/w illustrations, 39 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Engineering Economics, Organization, Logistics, Marketing, Mathematical Modeling and Industrial Mathematics