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

Frédérique Bec, Melika Ben Salem and Marie Bessec

Revue d'économie politique, 2012, vol. 122, issue 6, 811-822

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.

Date: 2012
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Working Paper: Le rôle des stocks en sortie de crise: Une étude empirique sur données d'enquête (2012)
Working Paper: Le rôle des stocks en sortie de crise: Une étude empirique sur données d'enquête (2012)
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