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Published in:
2018 | OriginalPaper | Chapter
5. Stability of Macroeconomic Variables
Authors : Attila Chikán, Erzsébet Kovács, Zsolt Matyusz, Magdolna Sass, Péter Vakhal
Published in: Inventories in National Economies
Publisher: Springer London
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Abstract
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).