The Geography of Retail Inventory
How different are retailers' inventory levels around the world? Specifically, are retailers' inventories constant across countries, converging, or at least co-integrating? These might be viewed as various forms of global determinism. To see which of these forms hold, I use a novel dataset integrated from Dow Jones, Edgar, Bureau van Dijk (Europe), World'Vest Base, Multex, KIS (Korea Information Service), Teikoku of Japan, Huaxia of China, and COMPUSTAT. The dataset consists of 27,000 firm-year observations for 4,100 retailers in 23 countries, for the period 1983 through 2004. I find evidence to reject all the three forms of global determinism. Instead, I report evidence consistent with an alternative hypothesis - local contingency - in which country effects can explain inventory differences around the world. I also show that this conclusion is robust in numerous ways.
|Date of creation:||21 Mar 2005|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 1998.
"Corporate Ownership Around the World,"
NBER Working Papers
6625, National Bureau of Economic Research, Inc.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
- Sum, C-C & Yang, K-K, 1993. "A study on manufacturing resource planning (MRP II) practices in Singapore," Omega, Elsevier, vol. 21(2), pages 187-197, March.
- Kenneth D. West, 1991.
"A Comparison of the Behavior of Japanese and U.S. Inventories,"
NBER Working Papers
3762, National Bureau of Economic Research, Inc.
- West, Kenneth D., 1992. "A comparison of the behavior of Japanese and US inventories," International Journal of Production Economics, Elsevier, vol. 26(1-3), pages 115-122, February.
- Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-32, December.
- Pankaj Ghemawat, 2003. "Semiglobalization and international business strategy," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 138-152, March.
- Chikan, Attila & Whybark, D. Clay, 1990. "Cross-national comparison of production--inventory management practices," Engineering Costs and Production Economics, Elsevier, vol. 19(1-3), pages 149-156, May.
- Marvin B. Lieberman & Rajeev Dhawan, 2005. "Assessing the Resource Base of Japanese and U.S. Auto Producers: A Stochastic Frontier Production Function Approach," Management Science, INFORMS, vol. 51(7), pages 1060-1075, July.
- Raymond Fisman & Inessa Love, 2004. "Financial Development and Intersectoral Allocation: A New Approach," Journal of Finance, American Finance Association, vol. 59(6), pages 2785-2807, December.
- Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2004.
"How Much Should We Trust Differences-in-Differences Estimates?,"
The Quarterly Journal of Economics,
MIT Press, vol. 119(1), pages 249-275, February.
- Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2002. "How Much Should We Trust Differences-in-Differences Estimates?," NBER Working Papers 8841, National Bureau of Economic Research, Inc.
- Philippe Aghion, 2004. "Growth and Development: A Schumpeterian Approach," Annals of Economics and Finance, Society for AEF, vol. 5(1), pages 1-25, May.
- Goonatilake, Lalith, 1990. "Inventory management in the manufacturing sector in developing countries," Engineering Costs and Production Economics, Elsevier, vol. 19(1-3), pages 19-24, May.
- Vishal Gaur & Marshall L. Fisher & Ananth Raman, 2005. "An Econometric Analysis of Inventory Turnover Performance in Retail Services," Management Science, INFORMS, vol. 51(2), pages 181-194, February.
- Bernard, Andrew B & Jones, Charles I, 1996. "Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries," American Economic Review, American Economic Association, vol. 86(5), pages 1216-38, December.
- Nazrul Islam, 2003. "What have We Learnt from the Convergence Debate?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 309-362, 07.
- Kornai, J, 1979. "Resource-Constrained versus Demand-Constrained Systems," Econometrica, Econometric Society, vol. 47(4), pages 801-19, July.
- Jorgenson, Dale W, 1988. "Productivity and Economic Growth in Japan and the United States," American Economic Review, American Economic Association, vol. 78(2), pages 217-22, May.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:4755. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.