The inventory investment equation: an empirical work using business survey data

Leonor Modesto*

*Autor correspondente para este trabalho

Resultado de pesquisarevisão de pares

Resumo

The most widely used model in empirical work on inventory investment has been the one that combines the accelerator motive with a target adjustment mechanism. However, the rationale for this type of relations remains normally quite vague. In this paper a small theoretical model of inventory investment, developed with solid micro-economic foundations, is presented and estimated using Portuguese and Belgian business survey data. The model can help explaining some concepts that are frequently confused in empirical work and can also rationalize some of the most popular beliefs about inventory behaviour.
Idioma originalEnglish
Páginas (de-até)79-88
Número de páginas10
RevistaInternational Journal of Production Economics
Volume26
Número de emissão1-3
DOIs
Estado da publicaçãoPublicado - fev 1992

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