Stability of Macroeconomic Variables

  • Attila ChikánEmail author
  • Erzsébet Kovács
  • Zsolt Matyusz
  • Magdolna Sass
  • Péter Vakhal


In Chap.  4, we have seen some important characteristics of long-term inventory processes. If we want to see the relationship of these to the other GDP components, we have to examine long-term characteristics not only the GDP components but also some other macroeconomic factors, which according to previous research are in close relationship with inventories. So, in this section, we take a closer look at the factors listed in Sect.  3.1: components of the GDP (private and government consumption, gross fixed capital formation, exports and imports), growth, per capita GDP as an indicator for development and indicators of structural characteristics (manufacturing and trade sectors, openness, centralization of income).


Macroeconomic Variables Gross Fixed Capital Formation (GFCF) Full Time Horizon Average Annual Range Average PSE 
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  1. Manyika, J., Sinclair, J., Dobbs, R., Strube, G., Rassey, L., Mischke, J., Remes, J., Roxburgh, C., George, K., O'Halloran, D., & Ramaswamy, S. (2012). Manufacturing the Future: The next era of global growth and innovation. McKinsey Global Institute, McKinsey Operations Practice.Google Scholar

Copyright information

© Springer-Verlag London Ltd., part of Springer Nature 2018

Authors and Affiliations

  • Attila Chikán
    • 1
    Email author
  • Erzsébet Kovács
    • 2
  • Zsolt Matyusz
    • 3
  • Magdolna Sass
    • 4
  • Péter Vakhal
    • 5
  1. 1.Corvinus University of BudapestBudapestHungary
  2. 2.Corvinus University of BudapestBudapestHungary
  3. 3.Corvinus University of BudapestBudapestHungary
  4. 4.Centre for Economic and Regional StudiesHungarian Academy of SciencesBudapestHungary
  5. 5.Kopint-Tárki Institute for Economic Research Co.BudapestHungary

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