Le rôle des stocks en sortie de crise : Une étude empirique sur données d'enquête
This paper explores the existence of a bounce-back effect in inventory investment using the European Community opinion survey on stocks of finished products in manufacturing. A threshold autoregression allowing for a transitory strong recovery phasis is estimated for French, German and European aggregate data from 1985q1 to 2011q4. The results support the existence of a high recovery episode for inventory investment during the quarters immediately following the recessions. This could in turn explain the real GDP growth rate bounce-back pointed out in previous empirical studies.
Year of publication: |
2012
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Authors: | Bec, Frédérique ; Salem, Mélika Ben ; Bessec, Marie |
Published in: |
Revue d'économie politique. - Dalloz. - Vol. 122.2012, 6, p. 811-822
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Publisher: |
Dalloz |
Saved in:
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