Inventories in National Economies A Cross-Country Analysis of Macroe
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 i
- PDF / 11,329,306 Bytes
- 325 Pages / 453.543 x 683.15 pts Page_size
- 57 Downloads / 197 Views
in National Economies A Cross-Country Analysis of Macroeconomic Data
Inventories in National Economies
Attila Chikán Erzsébet Kovács Zsolt Matyusz Magdolna Sass Péter Vakhal •
•
Inventories in National Economies A Cross-Country Analysis of Macroeconomic Data
123
Attila Chikán Corvinus University of Budapest Budapest Hungary Erzsébet Kovács Corvinus University of Budapest Budapest Hungary Zsolt Matyusz Corvinus University of Budapest Budapest Hungary
Magdolna Sass Centre for Economic and Regional Studies Hungarian Academy of Sciences Budapest Hungary Péter Vakhal Kopint-Tárki Institute for Economic Research Co. Budapest Hungary
ISBN 978-1-4471-7369-4 ISBN 978-1-4471-7371-7 https://doi.org/10.1007/978-1-4471-7371-7
(eBook)
Library of Congress Control Number: 2018934891 © Springer-Verlag London Ltd., part of Springer Nature 2018 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by the registered company Springer-Verlag London Ltd. part of Springer Nature The registered company address is: The Campus, 4 Crinan Street, London, N1 9XW, United Kingdom
Preface
Are they really important? Inventory investments are just a tiny part of GDP spending: in developed economies, their share fluctuates around 1%, which is hardly observable among the much higher figures of private and government consumption, fixed assets investment and foreign trade. Nevertheless, economists do not look at just the magnitude: they generally consider those factors very important in the economy which signal changes, and inventories are among the fastest and most flexible indicators of shifts in economic processes. Indeed, there is a rich literature analysing the regularities of
Data Loading...
