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Le rôle des stocks en sortie de crise : Une étude empirique sur données d'enquête

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  • Frédérique Bec
  • Mélika Ben Salem
  • Marie Bessec

Abstract

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.

Suggested Citation

  • Frédérique Bec & Mélika Ben Salem & Marie Bessec, 2012. "Le rôle des stocks en sortie de crise : Une étude empirique sur données d'enquête," Revue d'économie politique, Dalloz, vol. 122(6), pages 811-822.
    • Handle: RePEc:cai:repdal:redp_226_0811
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