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hal.structure.identifierCREST-INSEE
dc.contributor.authorBec, Frédérique*
hal.structure.identifier
dc.contributor.authorBessec, Marie*
dc.date.accessioned2013-10-08T12:17:58Z
dc.date.available2013-10-08T12:17:58Z
dc.date.issued2013
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11777
dc.language.isoenen
dc.subjectThreshold auto-regressionen
dc.subjectbounce-back effectsen
dc.subjectbusiness cyclesen
dc.subjectinventory investmenten
dc.subject.ddc339en
dc.subject.classificationjelC.C2.C22en
dc.subject.classificationjelE.E3.E32en
dc.titleInventory Investment Dynamics and Recoveries: A Comparison of Manufacturing and Retail Trade Sectorsen
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherCergy-Pontoise university;France
dc.description.abstractenThis paper explores the existence of a bounce-back effect in inventory investment using the European Commission opinion survey on stocks of finished products in manufacturing and retail trade sectors for France, Germany and a European aggregate, from 1985q1 to 2011q4. Our empirical findings support the existence of a high recovery episode for inventory investment, during the quarters immediately following the recessions: it occurs later and lasts longer in manufacturing than in retail trade sector. Since a third phase of rapid recovery has not been found in final sales data so far, the rebound in inventories could in turn explain the GDP growth bounce-back pointed out in previous empirical studies. This calls for a careful modeling of the inventory investment behavior in any sensible theoretical explanation of aggregate business cycles.en
dc.relation.isversionofjnlnameEconomics Bulletin
dc.relation.isversionofjnlvol33en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2013
dc.relation.isversionofjnlpages2209-2222en
dc.identifier.urlsitehttp://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fwww.accessecon.com%2FPubs%2FEB%2F2013%2FVolume33%2FEB-13-V33-I3-P206.pdf;h=repec:ebl:ecbull:eb-12-00507
dc.relation.isversionofjnlpublisherEconomics Bulletinen
dc.subject.ddclabelMacroéconomieen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
hal.identifierhal-01515613*
hal.version1*
hal.update.actionupdateMetadata*
hal.author.functionaut
hal.author.functionaut


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