Inventories in National Economies - 9781447174356

Name: Inventories in National Economies - 9781447174356
Brand: Springer London Ltd

Springer London Ltd

Inventories in National EconomiesA Cross-Country Analysis of Macroeconomic Data\nAuthor(s): Attila Chikn, Erzsbet Kovcs, Zsolt Matyusz, Magdolna Sass, Pter Vakhal\nFormat: Paperback\nPublisher: Springer London Ltd, United Kingdom\nImprint: Springer London Ltd\nISBN-13: 9781447174356, 978-1447174356\nSynopsis\nThis 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 inv.