Testing the (S,s) model of inventory investment with Canadian wholesale trade data
The (S,s) model of inventories is a robust alternative to production smoothing theories. Despite the apparent usefulness of the model, exhaustive testing has been lacking in the literature. This note employs a recently published econometric methodology to test the (S,s) model and provide additional evidence from Canadian wholesale trade. The empirical findings favour (S,s) against the quadratic cost model for all the product categories investigated.
Year of publication: |
1996
|
---|---|
Authors: | Episcopos, Athanasios |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 3, p. 193-195
|
Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Evidence on the relationship between uncertainty and irreversible investment
Episcopos, Athanasios, (1995)
-
Further evidence on alternative continuous time models of the short-term interest rate
Episcopos, Athanasios, (2000)
-
Bank capital regulation in a barrier option framework
Episcopos, Athanasios, (2008)
- More ...