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Inventory investment in Swedish manufacturing firms
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.ORCID iD: 0000-0001-8826-0410
1993 (English)In: Finnish economic papers, ISSN 0784-5197, Vol. 6, no 2, 96-107 p.Article in journal (Refereed) Published
Abstract [en]

We derive optimal long-run inventory stocks of finished goods and input materials in a dynamic flexible accelerator model. The predictions are tested on aggregate Swedish manufacturing data using an error correction approach. Cointegration regressions yield stationary relationships and parameter estimates with signs predicted by theory. Error correction estimations show that inventories adjust to long-run levels in a year. The cross effect of excess material inventories on finished goods inventories is strong. Inventory investment subsidies significantly affect finished goods inventory investment. Input deliveries are slow to adjust to new output rates.

Place, publisher, year, edition, pages
1993. Vol. 6, no 2, 96-107 p.
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URN: urn:nbn:se:uu:diva-68875OAI: oai:DiVA.org:uu-68875DiVA: diva2:96786
Available from: 2005-03-13 Created: 2005-03-13 Last updated: 2013-07-12Bibliographically approved

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