Analysis of Inventory Behaviour of OECD Countries
- 257 Downloads
The most aggregate view of inventory investment tendencies of our set of countries is the one looking at the average of country-wise annual inventory investment over the investigated time horizon. Having the complete data set of the 20 TMEs for the full time horizon, it is possible to see the main tendencies. In Sect. 4.1, we analyse the aggregate inventory behaviour. We start with the 20 TMEs over the full time horizon, and then, we close in on the second sub-period and add the other 6 TMEs and 6 PSEs to the set of countries. The focus is on the examination of the mean and standard deviation of aggregate dI/GDP. After that, we continue with a country-level analysis of dI/GDP, again investigating the 20 TMEs first, and then add the other countries. We explore the main tendencies through descriptive statistics, and we visualize the relationship between the mean and standard deviation of dI/GDP.
- Abramovitz, M. (1950). Inventories and business cycles, with special reference to manufacturer’s inventories. NBER Books.Google Scholar
- Bems, R., & Johnson, R. (2012). Value-Added Exchange Rates. NBER Working Paper No. 18498 (Cambridge, MA: The National Bureau of Economic Research).Google Scholar
- Greene, W. H. (2002). Econometric analysis. Prentice Hall.Google Scholar
- Kondratiev, N. D. (1925). The major economic cycles. Voprosy Konjunktury, 1(1), 28–79.Google Scholar
- Koopmans, L. H. (1995). The spectral analysis of time series. Academic press.Google Scholar