Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/50442 
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dc.contributor.authorAbrahamsen, Yngveen
dc.contributor.authorHartwig, Jochenen
dc.date.accessioned2011-03-25-
dc.date.accessioned2011-10-06T15:41:41Z-
dc.date.available2011-10-06T15:41:41Z-
dc.date.issued2011-
dc.identifier.pidoi:10.3929/ethz-a-006341658en
dc.identifier.urihttp://hdl.handle.net/10419/50442-
dc.description.abstractThe paper investigates the nexus between inventory investment and the change in aggregate production for 29 European countries over the period 2000-2009. A special interest is taken in the Great Recession of 2008/09. For most countries, a fairly uniform pattern emerges. Inventory investment is positively correlated with changes in production and follows the latter with a time-lag of two to three quarters. Therefore, there is no evidence that inventory investment either drives or smoothes the business cycle. Very few countries - Austria, Greece, Spain, and Switzerland - diverge from the typical pattern. This might hint to problems with respect to data quality.en
dc.language.isoengen
dc.publisher|aETH Zurich, KOF Swiss Economic Institute |cZurichen
dc.relation.ispartofseries|aKOF Working Papers |x271en
dc.subject.jelE22en
dc.subject.jelE32en
dc.subject.jelO52en
dc.subject.ddc330en
dc.subject.keywordInventory investmenten
dc.subject.keywordproductionen
dc.subject.keywordbusiness cycleen
dc.subject.keywordGreat Recession in Europeen
dc.subject.stwLagerinvestitionen
dc.subject.stwGesamtwirtschaftliche Produktionen
dc.subject.stwEuropaen
dc.titleInventory investment and production in Europe: Is there a pattern?-
dc.typeWorking Paperen
dc.identifier.ppn654818967en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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