Inventories dynamics and sectoral propagation mechanisms An empirical study with French and American data

Mélika Ben Salem and Jean-François Jacques
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Mélika Ben Salem: MAD - Université Paris 1 et Université d'Evry-Val-d'Essonne

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: The aim of this paper is to reveal empirically two kinds of mechanisms which operate on inventories: one is demand related and the other is supply related. Accordingly, we first test the presence of cointegration relationships in the dynamic bivariate inventories-sales model then we perform Granger-causality tests. It allows for a full specification of the dynamic properties of these series. Our results suggest that inventories movements stem from demand factors. Moreover, inventories and sales are linked in the long run, especially in the trade sectors. In France the dataset used prevents us from concluding in this way

Keywords: inventories; business cycle; causality (search for similar items in EconPapers)
JEL-codes: E22 E32 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1996-03
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Related works:
Working Paper: Inventories Dynamics and Sectoral Propagation Mechanisms an Empirical Study with French and American Data (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:96034

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