Published October 4, 2017
| Submitted
Report
Open
An Empirical Analysis of Backlog, Inventory, Production and Price Adjustments: An Application of Recursive Systems of Log-Linear Models
- Creators
- Ottenwaelter, B.
- Vuong, Quang H.
Abstract
This paper presents an empirical analysis of firms' order backlog, inventories, production, and price adjustments to unanticipated demand shocks. The data are obtained from quarterly INSEE Business Survey Tests on firms' realizations, expectations, and appraisals of some various economic variables. The analysis is based on the formulation and the estimation of a recursive system of conditional log-linear probability models.
Additional Information
Revised. Original dated to May 1982. This paper relies heavily on the empirical results reported in B. Ottenwaelter and Q. Vuong (1981). Research for this paper was supported by CNRS under ERA 199. We are grateful to D. Grether, J. Link, G. Oudiz, and M. Nerlove for helpful discussions. Published as Ottenwaelter, B., and Quang H. Vuong. "An Empirical Analysis of Backlog, Inventory, Production, and Price Adjustments: An Application of Recursive Systems of Log-Linear Models." Journal of Business & Economic Statistics 2.3 (1984): 224-234.Attached Files
Submitted - sswp442_-_revised.pdf
Files
sswp442_-_revised.pdf
Files
(1.4 MB)
| Name | Size | Download all |
|---|---|---|
|
md5:e3659b0c6b1f68f50a58197557ce252b
|
1.4 MB | Preview Download |
Additional details
- Eprint ID
- 81960
- Resolver ID
- CaltechAUTHORS:20171002-140313542
- ERA 199
- Centre National de la Recherche Scientifique (CNRS)
- Created
-
2017-10-04Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 442