Skip to main content

2018 | OriginalPaper | Buchkapitel

6. Inventory Developments in Individual Countries

verfasst von : Attila Chikán, Erzsébet Kovács, Zsolt Matyusz, Magdolna Sass, Péter Vakhal

Erschienen in: Inventories in National Economies

Verlag: Springer London

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

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.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Alessandria, G., Kaboski, J. P., & Midrigan, V. (2011). U.S. Trade and inventory dynamics. American Economic Review. American Economic Association, 101(3), 303–307. Alessandria, G., Kaboski, J. P., & Midrigan, V. (2011). U.S. Trade and inventory dynamics. American Economic Review. American Economic Association, 101(3), 303–307.
Zurück zum Zitat Anderson, J. (1999). German unification and the Union of Europe. Cambridge: Cambridge University Press. Anderson, J. (1999). German unification and the Union of Europe. Cambridge: Cambridge University Press.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Blinder, A. S. (1980). Inventories and the structure of macro models. NBER working paper series, no. 515, NBER, July 1980. Blinder, A. S. (1980). Inventories and the structure of macro models. NBER working paper series, no. 515, NBER, July 1980.
Zurück zum Zitat Blinder A. S. (1986). Can the production smoothing model of inventory behavior be saved? Quarterly Journal of Economics (August, 1986), pp. 431–453. Blinder A. S. (1986). Can the production smoothing model of inventory behavior be saved? Quarterly Journal of Economics (August, 1986), pp. 431–453.
Zurück zum Zitat Blinder A. S. & Holtz-Eakin D. (1984). Inventory fluctuations in the United States since 1929. NBER WorkingPaper No. 1371. NBER, Cambridge MA, June, 1984. Blinder A. S. & Holtz-Eakin D. (1984). Inventory fluctuations in the United States since 1929. NBER WorkingPaper No. 1371. NBER, Cambridge MA, June, 1984.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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.CrossRef 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.CrossRef
Zurück zum Zitat Chung, Y. I. (2007). South Korea in the fast lane. Economic development and capital formation. Oxford: Oxford University Press.CrossRef Chung, Y. I. (2007). South Korea in the fast lane. Economic development and capital formation. Oxford: Oxford University Press.CrossRef
Zurück zum Zitat Claus, I. (1997). Modelling the behaviour of U.S. inventories: A cointegration-Euler Approach. Bank of Canada working paper, 1997–19. Claus, I. (1997). Modelling the behaviour of U.S. inventories: A cointegration-Euler Approach. Bank of Canada working paper, 1997–19.
Zurück zum Zitat 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. 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.
Zurück zum Zitat De Blasio, G., & Mini, F. (2000). Seasonality and capacity: An application to Italy. IMF working paper, WP/00/80, April. De Blasio, G., & Mini, F. (2000). Seasonality and capacity: An application to Italy. IMF working paper, WP/00/80, April.
Zurück zum Zitat de Haan, J., & Yamamoto, M. (1999). Zero inventory management: Facts or fiction? Lessons from Japan. International Journal of Production Economics, 59(1999), 65–75.CrossRef de Haan, J., & Yamamoto, M. (1999). Zero inventory management: Facts or fiction? Lessons from Japan. International Journal of Production Economics, 59(1999), 65–75.CrossRef
Zurück zum Zitat de Rougemont, P. (2011). Inventories in the crisis. Banque de France, Quarterly Selection of Articles, 21, 41–72. de Rougemont, P. (2011). Inventories in the crisis. Banque de France, Quarterly Selection of Articles, 21, 41–72.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Flood, D., & Lowe, P. (1993). Inventories and the business cycle. Research discussion paper 9306, Economic Research Department, Reserve Bank of Australia. Flood, D., & Lowe, P. (1993). Inventories and the business cycle. Research discussion paper 9306, Economic Research Department, Reserve Bank of Australia.
Zurück zum Zitat Fukuda, S. (1991). Inventory investment in Norway. Economics Letters, 36(1991), 169–174.CrossRef Fukuda, S. (1991). Inventory investment in Norway. Economics Letters, 36(1991), 169–174.CrossRef
Zurück zum Zitat Ghebrihiwet, N. (2011). Inventories and the business cycle. Analyzing Dutch inventories. Discussion paper 201116, Statistics Netherlands, The Hague/Heerlen. Ghebrihiwet, N. (2011). Inventories and the business cycle. Analyzing Dutch inventories. Discussion paper 201116, Statistics Netherlands, The Hague/Heerlen.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Gustafson, C.-H. (2008). Inventory investment and the business cycle. In The Swedish economy. Statistical perspective (pp. 13–16). Gustafson, C.-H. (2008). Inventory investment and the business cycle. In The Swedish economy. Statistical perspective (pp. 13–16).
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Humphreys, B. A. (2001). The behavior of manufacturers’ inventories: Evidence from US industry level data. International Journal of Production Economics, 71(2001), 9–20. Humphreys, B. A. (2001). The behavior of manufacturers’ inventories: Evidence from US industry level data. International Journal of Production Economics, 71(2001), 9–20.
Zurück zum Zitat IMF (2012). IMF Country Report No. 12/267, Chile. IMF, Washington DC, September. IMF (2012). IMF Country Report No. 12/267, Chile. IMF, Washington DC, September.
Zurück zum Zitat IMF (2014). IMF Country Report No. 14/255, Slovakia. IMF, Washington DC, September. IMF (2014). IMF Country Report No. 14/255, Slovakia. IMF, Washington DC, September.
Zurück zum Zitat IMF (2015). IMF Country Report No. 15/41, Slovenia. IMF, Washington DC, February. IMF (2015). IMF Country Report No. 15/41, Slovenia. IMF, Washington DC, February.
Zurück zum Zitat Irvine, F. O. (2003). Long term trends in the US inventory to sales ratios. International Journal of Production Economics, 81–82, 27–39. Irvine, F. O. (2003). Long term trends in the US inventory to sales ratios. International Journal of Production Economics, 81–82, 27–39.
Zurück zum Zitat Irvine, F. O., & Schuh, S. (2005). Inventory investment and output volatility. International Journal of Production Economics, 93–94, 75–86.CrossRef Irvine, F. O., & Schuh, S. (2005). Inventory investment and output volatility. International Journal of Production Economics, 93–94, 75–86.CrossRef
Zurück zum Zitat Khan, A., & Thomas J. K. (2004). Modelling Inventories Over the Business Cycle. NBER Working Paper Series, Working Paper 10652, NBER, Cambridge MA, August 2004. Khan, A., & Thomas J. K. (2004). Modelling Inventories Over the Business Cycle. NBER Working Paper Series, Working Paper 10652, NBER, Cambridge MA, August 2004.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Leinonen, J. (1994). A study of inventories in Finnish manufacturing industry. International Journal of Production Economics, 35(1–3), 29–32.CrossRef Leinonen, J. (1994). A study of inventories in Finnish manufacturing industry. International Journal of Production Economics, 35(1–3), 29–32.CrossRef
Zurück zum Zitat 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.). 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.).
Zurück zum Zitat OECD (2008). OECD Economic Surveys: Korea. OECD, Paris. OECD (2008). OECD Economic Surveys: Korea. OECD, Paris.
Zurück zum Zitat OECD (2012). OECD Economic Surveys: Estonia. OECD, Paris. OECD (2012). OECD Economic Surveys: Estonia. OECD, Paris.
Zurück zum Zitat OECD (2013a). OECD Economic Surveys: Chile. OECD, Paris. OECD (2013a). OECD Economic Surveys: Chile. OECD, Paris.
Zurück zum Zitat OECD (2013b). OECD Economic Surveys: Israel. OECD, Pareis. OECD (2013b). OECD Economic Surveys: Israel. OECD, Pareis.
Zurück zum Zitat OECD (2013c). OECD Economic Surveys: Netherlands. OECD, Paris. OECD (2013c). OECD Economic Surveys: Netherlands. OECD, Paris.
Zurück zum Zitat OECD (2013d). OECD Economic Surveys: Norway. OECD, Paris. OECD (2013d). OECD Economic Surveys: Norway. OECD, Paris.
Zurück zum Zitat OECD (2013e). OECD Economic Surveys: Slovenia. OECD, Paris. OECD (2013e). OECD Economic Surveys: Slovenia. OECD, Paris.
Zurück zum Zitat OECD (2014a). OECD Economic Surveys: Czech Republic. OECD, Paris. OECD (2014a). OECD Economic Surveys: Czech Republic. OECD, Paris.
Zurück zum Zitat OECD (2014b). OECD Economic Surveys: Hungary. OECD, Paris. OECD (2014b). OECD Economic Surveys: Hungary. OECD, Paris.
Zurück zum Zitat OECD (2014c). OECD Economic Surveys: Poland. OECD, Paris. OECD (2014c). OECD Economic Surveys: Poland. OECD, Paris.
Zurück zum Zitat OECD (2014d). OECD Economic Surveys: Slovakia. OECD, Paris. OECD (2014d). OECD Economic Surveys: Slovakia. OECD, Paris.
Zurück zum Zitat OECD (2014e). OECD Economic Surveys: Spain. OECD, Paris. OECD (2014e). OECD Economic Surveys: Spain. OECD, Paris.
Zurück zum Zitat OECD (2014f). OECD Economic Surveys: Turkey. OECD, Paris. OECD (2014f). OECD Economic Surveys: Turkey. OECD, Paris.
Zurück zum Zitat Rajagopalan, S., & Malhotra, A. (2001). Have U.S. Manufacturing inventories really decreased? An empirical study. Manufacturing & Service Operations Management, 3, 14–24.CrossRef Rajagopalan, S., & Malhotra, A. (2001). Have U.S. Manufacturing inventories really decreased? An empirical study. Manufacturing & Service Operations Management, 3, 14–24.CrossRef
Zurück zum Zitat Ramey, V. A., & West, K. D. (1997). Inventories. NBER working paper 6315, NBER, Cambridge MA, December 1997. Ramey, V. A., & West, K. D. (1997). Inventories. NBER working paper 6315, NBER, Cambridge MA, December 1997.
Zurück zum Zitat Roumiantsev, S., & Netessine, S. (2007). Inventory and its relationship with profitability: Evidence for an international sample of countries. Working paper, University of Pennsylvania. Roumiantsev, S., & Netessine, S. (2007). Inventory and its relationship with profitability: Evidence for an international sample of countries. Working paper, University of Pennsylvania.
Zurück zum Zitat 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. 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.
Zurück zum Zitat Statistics New Zealand. (2011). Impact of the Canterbury earthquakes on New Zealand’s gross domestic product. Wellington: Statistics New Zealand. Statistics New Zealand. (2011). Impact of the Canterbury earthquakes on New Zealand’s gross domestic product. Wellington: Statistics New Zealand.
Zurück zum Zitat 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. 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.
Zurück zum Zitat 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. 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.
Zurück zum Zitat West, K. D. (1990). Evidence on seven countries on whether inventories smooth aggregate aoutput. Engineering Costs and Production Economics, 19, 85–90.CrossRef West, K. D. (1990). Evidence on seven countries on whether inventories smooth aggregate aoutput. Engineering Costs and Production Economics, 19, 85–90.CrossRef
Zurück zum Zitat 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. 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.
Metadaten
Titel
Inventory Developments in Individual Countries
verfasst von
Attila Chikán
Erzsébet Kovács
Zsolt Matyusz
Magdolna Sass
Péter Vakhal
Copyright-Jahr
2018
Verlag
Springer London
DOI
https://doi.org/10.1007/978-1-4471-7371-7_6