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The Roles of Inventories Investigated in a Factor Demand Model

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  • Marga Peeters

Abstract

[fre] Les rôles des stocks étudiés dans un modèle de facteurs de production. . Dans cette étude, le rôle des stocks comme facteur de précaution (à la Holt, Modigliani, Muth et Simon [1960]) et/ou le rôle comme facteur de production (à la Kydland et Prescott [1982], Christiano [1988]) sont étudiés dans un modèle à cor­rection d'erreurs. Des données françaises pour cinq secteurs industriels sont utilisées pour l'analyse (1970.1-1992.IV). Les résultats indiquent que ni le rôle de précaution, ni le rôle de facteur de production n'est rejeté. [eng] The Roles of Inventories Investigated in a Factor Demand Model. . An ECM is derived from first order conditions of a factor demand model. The role of inventory stock in the long run, i.e. as a precautionary measure (according to Holt, Modigliani, Muth and Simon [1960]), and/or the role as production factor (Kydland and Prescott [1982], Christiano [1988]) are investigated. French data from five industrial sectors (1970.1-1992.IV) are used for the analyses. The results indicate that neither the role of a precautionary measure nor the role of a production factor is rejected.

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Bibliographic Info

Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): n° 49 (1998)
Issue (Month): 5 ()
Pages: 1345-1364

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Handle: RePEc:cai:recosp:reco_p1998_49n5_1345

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