The Roles of Inventories Investigated in a Factor Demand Model
Abstract[fre] Les rÃ´les des stocks Ã©tudiÃ©s dans un modÃ¨le de facteurs de production. . Dans cette Ã©tude, le rÃ´le des stocks comme facteur de prÃ©caution (Ã la Holt, Modigliani, Muth et Simon ) et/ou le rÃ´le comme facteur de production (Ã la Kydland et Prescott , Christiano ) sont Ã©tudiÃ©s dans un modÃ¨le Ã corÂrection d'erreurs. Des donnÃ©es franÃ§aises pour cinq secteurs industriels sont utilisÃ©es pour l'analyse (1970.1-1992.IV). Les rÃ©sultats indiquent que ni le rÃ´le de prÃ©caution, ni le rÃ´le de facteur de production n'est rejetÃ©. [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 ), and/or the role as production factor (Kydland and Prescott , Christiano ) 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 InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 49 (1998)
Issue (Month): 5 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Marga Peeters, 1998. "The Roles of Inventories Investigated in a Factor Demand Model," Revue Économique, Programme National Persée, vol. 49(5), pages 1345-1364.
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