Skip to main content
SpringerLink
Log in
Book cover

Inventories in National Economies pp 233–304Cite as

Inventory Developments in Individual Countries

  • Chapter
  • First Online:

  • 355 Accesses

Abstract

In this part, we take the 32 countries in the sample one by one and provide an overview of their economy from the inventory researcher’s point of view. The purpose of the chapter is to give a background for interpreting and analysing results about individual countries shown in various chapters of the book. Therefore, this chapter serves as kind of a reference background for the interpretation and evaluation of different country results.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   64.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   84.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   84.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Abramowitz, M. (1950). Inventories and Business Cycles with special reference to manufacturer’s inventories. New York: National Bureau of Economic Research. http://papers.nber.org/books/abra50-1.

  • Abrahamsen, Y., & Hartwig, J. (2011). Inventory investment and production in Europe: Is there a pattern? KOF working papers//KOF Swiss Economic Institute, ETH Zurich, No. 271, http://hdl.handle.net/10419/50442.

  • Alessandria, G., Kaboski, J. P., & Midrigan, V. (2011). U.S. Trade and inventory dynamics. American Economic Review. American Economic Association, 101(3), 303–307.

    Google Scholar 

  • Anderson, J. (1999). German unification and the Union of Europe. Cambridge: Cambridge University Press.

    Google Scholar 

  • Atiyas I., Bakis, O. (2013). Aggregate and sectoral TFP growth in Turkey: A growth accounting exercise. TÜS˙IAD—Sabancı Üniversitesi Rekabet Forumu, Working paper no. 2013-1.

    Google Scholar 

  • BBVA. (2014). Economic outlook, Chile. First quarter 2014. Available at https://www.bbvaresearch.com/wp-content/uploads/migrados/Chile_Economic_Outlook_1Q14_vf_tcm348-429257.pdf.

  • Benito, A. (2002). Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms. Banco de Espana working papers 0226, Banco de España.

    Google Scholar 

  • Blinder, A. S. (1980). Inventories and the structure of macro models. NBER working paper series, no. 515, NBER, July 1980.

    Google Scholar 

  • Blinder A. S. (1986). Can the production smoothing model of inventory behavior be saved? Quarterly Journal of Economics (August, 1986), pp. 431–453.

    Google Scholar 

  • Blinder A. S. & Holtz-Eakin D. (1984). Inventory fluctuations in the United States since 1929. NBER WorkingPaper No. 1371. NBER, Cambridge MA, June, 1984.

    Google Scholar 

  • Boute, R., Lambrecht, M., & Lambrechts, O. (2004). Did just-in-time management effectively decrease inventory ratios in Belgium? TijdschriftvoorEconomie en Management, XLIX(3), 441–456.

    Google Scholar 

  • Boute, R., Lambrecht, M., Lambrechts, O., & Sterckx, P. (2005). An analysis of inventory turnover in the Belgian manufacturing industry, wholesale and retail and the financial impact on inventory reduction. Department of Decision Sciences and Information Management, KatholiekeUniversiteit Leuven. Available at: https://lirias.kuleuven.be/bitstream/123456789/175504/1/KBI_.

  • Bouthevillain, C., Eyssartier, D. (1997). Le rôle des variations de stocks dans les cycles d’activité des principaux pays industrialisés. Revue de l’OFCE, 62, 151–202.

    Google Scholar 

  • Cecchetti, S. G., Flores-Lagunes, A., & Krause, S. (2006). Assessing the Sources of Changes in the Volatility of Real Growth, NBER Working Paper, No. 11946, NBER, Cambridge, MA.

    Google Scholar 

  • Cesaroni, T., Maccini, L., & Malgarini, M. (2011). Business cycle stylized facts and inventory behavior: New evidence for the Euro area. International Journal of Production Economics, 133(2011), 12–24.

    Article  Google Scholar 

  • Chung, Y. I. (2007). South Korea in the fast lane. Economic development and capital formation. Oxford: Oxford University Press.

    Book  Google Scholar 

  • Claus, I. (1997). Modelling the behaviour of U.S. inventories: A cointegration-Euler Approach. Bank of Canada working paper, 1997–19.

    Google Scholar 

  • Clausen J. R., & Hoffmaister A. W. (2010). Cyclical behavior of inventories and growth projections: Recent evidence from Europe and the United States. IMF working paper WP/10/2012, IMF, September 2010.

    Google Scholar 

  • De Blasio, G., & Mini, F. (2000). Seasonality and capacity: An application to Italy. IMF working paper, WP/00/80, April.

    Google Scholar 

  • de Haan, J., & Yamamoto, M. (1999). Zero inventory management: Facts or fiction? Lessons from Japan. International Journal of Production Economics, 59(1999), 65–75.

    Article  Google Scholar 

  • de Rougemont, P. (2011). Inventories in the crisis. Banque de France, Quarterly Selection of Articles, 21, 41–72.

    Google Scholar 

  • Esteves, P. S. (2011). Direct vs bottom-up approach when forecasting GDP: Reconciling literature results with institutional practice. Banco de Portugal working papers no. 29, October 2011.

    Google Scholar 

  • Flood, D., & Lowe, P. (1993). Inventories and the business cycle. Research discussion paper 9306, Economic Research Department, Reserve Bank of Australia.

    Google Scholar 

  • Fukuda, S. (1991). Inventory investment in Norway. Economics Letters, 36(1991), 169–174.

    Article  Google Scholar 

  • Ghebrihiwet, N. (2011). Inventories and the business cycle. Analyzing Dutch inventories. Discussion paper 201116, Statistics Netherlands, The Hague/Heerlen.

    Google Scholar 

  • Guasch, J. L., & Kogan, J. (2001). Inventories in developing countries: Levels and determinants—A red flag for competitiveness and growth. In Policy research working paper 2552. The World Bank. Development Economics. Office of the Senior Vice President and Chief Economist. Latin America and the Caribbean Region. Finance, Private Sector and Infrastructure Unit. Washington, D.C.

    Google Scholar 

  • Guasch, J. L., & Kogan, J. (2006). Inventories and logistic costs in developing countries: Levels and determinants—A red flag for competitiveness and growth. Lima, Perú: Revista de la Competencia y de la Propiedad Intelectual.

    Google Scholar 

  • Gustafson, C.-H. (2008). Inventory investment and the business cycle. In The Swedish economy. Statistical perspective (pp. 13–16).

    Google Scholar 

  • Han, C., Dresner, M., & Windle, R. (2008). Impact of global sourcing and exports on U.S. manufacturing inventories. International Journal of Physical Distribution & Logistics Management, 38(6), 475–494.

    Google Scholar 

  • Hirsch, A. A. (1996). Has inventory management in the US become more efficient and flexible? A macroeconomic perspective. International Journal of Production Economics, 45(1996), 37–46.

    Google Scholar 

  • Humphreys, B. A. (2001). The behavior of manufacturers’ inventories: Evidence from US industry level data. International Journal of Production Economics, 71(2001), 9–20.

    Google Scholar 

  • IMF (2000). Turkey: Selected issues and statistical appendix. http://www.imf.org/external/pubs/ft/scr/2000/cr0014.pdf.

  • IMF (2012). IMF Country Report No. 12/267, Chile. IMF, Washington DC, September.

    Google Scholar 

  • IMF (2014). IMF Country Report No. 14/255, Slovakia. IMF, Washington DC, September.

    Google Scholar 

  • IMF (2015). IMF Country Report No. 15/41, Slovenia. IMF, Washington DC, February.

    Google Scholar 

  • Irvine, F. O. (2003). Long term trends in the US inventory to sales ratios. International Journal of Production Economics, 81–82, 27–39.

    Google Scholar 

  • Irvine, F. O., & Schuh, S. (2005). Inventory investment and output volatility. International Journal of Production Economics, 93–94, 75–86.

    Article  Google Scholar 

  • Khan, A., & Thomas J. K. (2004). Modelling Inventories Over the Business Cycle. NBER Working Paper Series, Working Paper 10652, NBER, Cambridge MA, August 2004.

    Google Scholar 

  • Klodt, H. (1992). Government support for restructuring East Germany. In P. J. J. Welfens (Ed.), Economic aspects of German unification: National and international perspectives. Berlin: Springer.

    Google Scholar 

  • Knetsch, T. A. (2004a). The inventory cycle of the German economy. Discussion paper series 1: Studies of the Economic Research Centre No 09/2004. https://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2004/2004_04_15_dkp_09.pdf?__blob=publicationFile.

  • Knetsch T. A. (2004b). Evaluating the German inventory cycle using data from the Ifo Business Survey. Discussion paper series 1: Studies of the Economic Research Centre No 10/2004. http://core.ac.uk/download/pdf/6620343.pdf.

  • Knetsch, T. A. (2005). Short-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italy. Deutsche Bundesbank. Discussion paper, series 1: Economic Studies No 39/2005, Frankfurt am Main.

    Google Scholar 

  • Leinonen, J. (1994). A study of inventories in Finnish manufacturing industry. International Journal of Production Economics, 35(1–3), 29–32.

    Article  Google Scholar 

  • Lovell, M. C. (1964). Determinants of Inventory Investment. http://www.nber.org/chapters/c1819.

  • McCarthy, J., & Zakrajšek, E. (2000). Microeconomic inventory adjustment: Evidence form US firm-level data. Finance and economics discussion Series 2000-24, Board of Governors of the Federal Reserve System (U.S.).

    Google Scholar 

  • OECD (2008). OECD Economic Surveys: Korea. OECD, Paris.

    Google Scholar 

  • OECD (2012). OECD Economic Surveys: Estonia. OECD, Paris.

    Google Scholar 

  • OECD (2013a). OECD Economic Surveys: Chile. OECD, Paris.

    Google Scholar 

  • OECD (2013b). OECD Economic Surveys: Israel. OECD, Pareis.

    Google Scholar 

  • OECD (2013c). OECD Economic Surveys: Netherlands. OECD, Paris.

    Google Scholar 

  • OECD (2013d). OECD Economic Surveys: Norway. OECD, Paris.

    Google Scholar 

  • OECD (2013e). OECD Economic Surveys: Slovenia. OECD, Paris.

    Google Scholar 

  • OECD (2014a). OECD Economic Surveys: Czech Republic. OECD, Paris.

    Google Scholar 

  • OECD (2014b). OECD Economic Surveys: Hungary. OECD, Paris.

    Google Scholar 

  • OECD (2014c). OECD Economic Surveys: Poland. OECD, Paris.

    Google Scholar 

  • OECD (2014d). OECD Economic Surveys: Slovakia. OECD, Paris.

    Google Scholar 

  • OECD (2014e). OECD Economic Surveys: Spain. OECD, Paris.

    Google Scholar 

  • OECD (2014f). OECD Economic Surveys: Turkey. OECD, Paris.

    Google Scholar 

  • Rajagopalan, S., & Malhotra, A. (2001). Have U.S. Manufacturing inventories really decreased? An empirical study. Manufacturing & Service Operations Management, 3, 14–24.

    Article  Google Scholar 

  • Ramey, V. A., & West, K. D. (1997). Inventories. NBER working paper 6315, NBER, Cambridge MA, December 1997.

    Google Scholar 

  • Rawdanowicz, Ł. (2010). The 2008-09 crisis in Turkey: Performance, policy responses and challenges for sustaining the recovery. OECD Economics Department working papers, No. 819, OECD Publishing. http://dx.doi.org/10.1787/5km36j7d320s-en.

  • Roumiantsev, S., & Netessine, S. (2007). Inventory and its relationship with profitability: Evidence for an international sample of countries. Working paper, University of Pennsylvania.

    Google Scholar 

  • Schneider, F. (2006). Shadow economies and corruption all over the world: What do we really know? Working paper no. 0617, September 2006, Department of Economics, Johannes Kepler University of Linz.

    Google Scholar 

  • Sharp, J. M. (2014). U.S. Foreign aid to Israel. Congressional Research Service 7-5700 www.crs.gov RL33222. Available at https://fas.org/sgp/crs/mideast/RL33222.pdf.

  • Statistics New Zealand. (2011). Impact of the Canterbury earthquakes on New Zealand’s gross domestic product. Wellington: Statistics New Zealand.

    Google Scholar 

  • Summers, P. (2005). What caused the great moderation? Some cross-country evidence. Economic Review Federal Reserve Bank of Kansas City, Q3, 5–32 Available at http://www.kansascityfed.org/Publicat/econrev/PDF/3q05summ.pdf.

  • Taminiau-van Veen, P., Shaaf, S., & van den Bergen D. (2009). Measuring inventories in the Dutch national accounts. Discussion paper 09019, Statistics Netherlands, The Hague/Herleen.

    Google Scholar 

  • Van Velzen, M., & Hoven, L. (2011). The monthly index of inventories of finished goods for the Dutch manufacturing industry. Discussion paper 201101, Statistics Netherlands, The Hague/Heerlen.

    Google Scholar 

  • West, K. D. (1990). Evidence on seven countries on whether inventories smooth aggregate aoutput. Engineering Costs and Production Economics, 19, 85–90.

    Article  Google Scholar 

  • West, K. D. (1991). A comparison of the behavior of Japanese and U.S. Inventories. NBER working paper no. 3762 http://www.nber.org/papers/w3762.

  • Wilkinson, M. (1989). Inventory behavior and economic instability in Japan. Working paper series, Center on Japanese Economy and Business, Graduate School of Business Columbia University December 1989.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Corvinus University of Budapest, Budapest, Hungary

    Attila Chikán

  2. Corvinus University of Budapest, Budapest, Hungary

    Erzsébet Kovács

  3. Corvinus University of Budapest, Budapest, Hungary

    Zsolt Matyusz

  4. Centre for Economic and Regional Studies, Hungarian Academy of Sciences, Budapest, Hungary

    Magdolna Sass

  5. Kopint-Tárki Institute for Economic Research Co., Budapest, Hungary

    Péter Vakhal

Authors
  1. Attila Chikán
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Erzsébet Kovács
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Zsolt Matyusz
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Magdolna Sass
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Péter Vakhal
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Attila Chikán .

Rights and permissions

Reprints and permissions

Copyright information

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

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Chikán, A., Kovács, E., Matyusz, Z., Sass, M., Vakhal, P. (2018). Inventory Developments in Individual Countries. In: Inventories in National Economies. Springer, London. https://doi.org/10.1007/978-1-4471-7371-7_6

Download citation

Publish with us

Policies and ethics

Search

Navigation