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Author : Jonathan McCarthy
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 (121 download)
Download or read book Microeconomic Inventory Adjustment written by Jonathan McCarthy and published by . This book was released on 2000 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jonathan McCarthy
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book Microeconomic Inventory Adjustment and Aggregate Dynamics written by Jonathan McCarthy and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We examine the microeconomic and aggregate inventory dynamics in the business sector of the U.S. economy. We employ high-frequency firm-level data and use an empirically tractable model, in which the aggregate dynamics are derived explicitly from the underlying microeconomic data. Our results show that the microeconomic adjustment function in both the manufacturing and trade sectors is nonlinear and asymmetric, results consistent with firms using (S, s)-type inventory policies. There are differences in the estimated adjustment functions between the two sectors as well as the durable and nondurable goods firms within each sector. The estimated adjustment function is remarkably stable across subperiods, indicating little change in the inventory adjustment process over time. As predicted by our model, higher moments of the cross-sectional distribution of inventory deviations affect aggregate inventory dynamics"--Abstract
Author : Jonathan McCarthy
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (129 download)
Download or read book Microeconomic Inventory Adjustment written by Jonathan McCarthy and published by . This book was released on 2006 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine inventory adjustment in the U.S. manufacturing sector using quarterly firm-level data over the period 1978-97. Our evidence indicates that the inventory investment process is nonlinear and asymmetric, results consistent with a nonconvex adjustment cost structure. The inventory adjustment process differs over the business cycle: for a given level of excess inventories, firms disinvest more in recessions than they do in expansions. The inventory adjustment process has changed little between the 1980s and 1990s, suggesting that recent advances in inventory control have had little effect on adjustment costs. Nevertheless, the optimal inventory-sales ratio in the durable goods sector has declined significantly during our sample period.
Author : Catherine J. Morrison
Publisher : Springer Science & Business Media
ISBN 13 : 146139760X
Total Pages : 300 pages
Book Rating : 4.4/5 (613 download)
Download or read book A Microeconomic Approach to the Measurement of Economic Performance written by Catherine J. Morrison and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is designed to provide a comprehensive guide to students, researchers, or consultants who wish to carry out and to interpret analyses of economic performance, with an emphasis on productivity growth. The text includes an overview of standard productivity growth measurement techniques and adaptations, and data construc tion procedures. It goes further, however, by expanding the tradition al growth accounting (index number) framework to allow consider ation of how different aspects of firm behavior underlying productivity growth are interrelated, how they can be measured con sistently in a parametric model, and how they permit a well-defined decomposition of standard productivity growth measures. These ideas are developed by considering in detail a number of underlying theoretical results and econometric issues. The impacts of various production characteristics on productivity growth trends are also evaluated by overviewing selected methodological extensions and em pirical evidence. More specifically, in the methodological extensions, emphasis is placed on incorporation of cost and demand characteristics, such as fixity and adjustment costs, returns to scale, and the existence of market power, into analyses of productivity growth. These character istics, generally disregarded in such analyses, can have very important impacts on production structure and firm behavior, and thus on economic performance. They also provide the conceptual basis for vii viii PREFACE measures that are often used independently as indicators of economic performance, such as investment, capacity utilization, and profit measures.
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 792 pages
Book Rating : 4.F/5 ( download)
Download or read book Inventory Fluctuations and Economic Stabilization written by United States. Congress. Joint Economic Committee and published by . This book was released on 1961 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 (31 download)
Download or read book Inventory Fluctuations and Economic Stabilization: Supplementary study papers written by United States. Congress. Joint Economic Committee and published by . This book was released on 1961 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Attila Chikán
Publisher : Springer
ISBN 13 : 1447173716
Total Pages : 325 pages
Book Rating : 4.4/5 (471 download)
Download or read book Inventories in National Economies written by Attila Chikán and published by Springer. This book was released on 2018-04-05 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces a new approach in the field of macroeconomic inventory studies: the use of multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries. By analyzing a 44-year period series of annual inventory change in percentage of GDP in a set of OECD countries, disclosing their relationship to growth, industry structure and alternative uses of GDP (fixed capital investments, foreign trade and consumption), it fills a gap in the economic literature. It is generally accepted that inventories play an important role in all levels of the economy. However, while there is extensive literature on micro- (and even item-) level inventory problems, macroeconomic inventory studies are scarce. Both the long-term processes of inventory formation and their correlation with other macroeconomic factors provide interesting conclusions about economic changes and policies in our immediate past, and present important insights for the future.
Author : John Robert Stinespring
Publisher : Gulf Professional Publishing
ISBN 13 : 9780126709612
Total Pages : 248 pages
Book Rating : 4.7/5 (96 download)
Download or read book Mathematica for Microeconomics written by John Robert Stinespring and published by Gulf Professional Publishing. This book was released on 2002-01-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accompanying CD-ROM contains ... "the Mathematica programs discussed in the book and MathReader software (a viewing program from Wolfram, Inc.)."--Page 4 of cover.
Author : G.C. Harcourt
Publisher : Routledge
ISBN 13 : 0429728166
Total Pages : 413 pages
Book Rating : 4.4/5 (297 download)
Download or read book The Microeconomic Foundations of Macroeconomics written by G.C. Harcourt and published by Routledge. This book was released on 2019-03-13 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.
Author :
Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.:/5 (319 download)
Download or read book Center for Economic Studies Discussion Paper written by and published by . This book was released on 1988 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steven Mark Fazzari
Publisher :
ISBN 13 :
Total Pages : 560 pages
Book Rating : 4.F/5 ( download)
Download or read book The Microeconomic Dynamics of Output and Employment written by Steven Mark Fazzari and published by . This book was released on 1982 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Craig Newmark
Publisher : Routledge
ISBN 13 : 1135969442
Total Pages : 618 pages
Book Rating : 4.1/5 (359 download)
Download or read book Readings in Applied Microeconomics written by Craig Newmark and published by Routledge. This book was released on 2009-06-16 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appreciate the power of the market. It supplements theoretical explanations of how markets work with concrete examples, addresses questions about whether markets actually work well and offers evidence that supposed "market failures" are not as serious as claimed. Featuring readings from Hayek, William Baumol, Harold Demsetz, Daniel Fischel and Edward Lazear, Benjamin Klein and Keith B. Leffler, Stanley J. Liebowitz and Stephen E. Margolis, and John R. Lott, Jr., this book covers key topics such as: • Why markets are efficient allocators • How markets foster economic growth • Property rights • How markets choose standards • Asymmetric Information • Whether firms abuse their power • Non-excludable goods • Monopolies The selections should be comprehended by undergraduate students who have had an introductory course in economics. This reader can also be used as a supplement for courses in intermediate microeconomics, industrial organization, business and government, law and economics, and public policy.
Author : Judy Whitehead
Publisher : Routledge
ISBN 13 : 1000115801
Total Pages : 520 pages
Book Rating : 4.0/5 (1 download)
Download or read book Microeconomics written by Judy Whitehead and published by Routledge. This book was released on 2020-07-30 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics is concerned with the production, consumption and distribution of goods by the micro units of individuals, firms and markets within the economy. It can also be considered a study of scarcity and the choices to be made for the attainment of goals within constraints. These goals are those set by consumers, producers and policy makers in the market. This book provides a brand new approach to the teaching and study of microeconomics – an elementary guide to the fundamental principles of the subject. It gives students from all parts of the world the opportunity to understand and appreciate the value of microeconomic tools and concepts for analyzing market processes in their economic environment, as well as maintaining a perspective on issues of trade and competitiveness, thus drawing attention to the relevance of microeconomic theory beyond the domestic scene to issues of trade and competitiveness on the international arena. The book contains a wealth of international case studies and covers topics such as: - elasticity - Cobb-Douglas Production functions - dynamic stability of market equilibrium - monopolies and monopolistic competition - project analysis The perfect introduction to the building blocks of contemporary microeconomic theory, this book will be of interest to undergraduate students in international economics, industrial economics, managerial economics and agricultural economics. It will also be a useful reference guide for graduates requiring a break down of difficult microeconomic principles.
Author :
Publisher :
ISBN 13 :
Total Pages : 762 pages
Book Rating : 4.:/5 (327 download)
Download or read book Special Study on Economic Change: The international economy : U.S. role in a world market ... December 17, 1980 written by and published by . This book was released on 1980 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. Koutsoyiannis
Publisher : Springer
ISBN 13 : 1349156035
Total Pages : 468 pages
Book Rating : 4.3/5 (491 download)
Download or read book Modern Microeconomics written by A. Koutsoyiannis and published by Springer. This book was released on 1975-11-01 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : D. D. Tewari
Publisher : New Age International
ISBN 13 : 9788122410174
Total Pages : 362 pages
Book Rating : 4.4/5 (11 download)
Download or read book Principles of Microeconomics written by D. D. Tewari and published by New Age International. This book was released on 2003 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics Is Taught In All Colleges And Universities Offering Degree Courses In Economics, Social Sciences, Business Administration And Management Studies All Over The World. There Are Many Good Text Books On Microeconomics Now Available In The Market. This Book Is Intended To Be A Valuable Addition To The Existing Repository Of Books On Principles Of Microeconomics. The Book Provides A Good Mixture Of Theory And Practice Of Microeconomics. Applications Of Various Principles Of Microeconomics Are Illustrated Using Both Real World As Well As Hypothetical Data. The Latest Developments In The Theories Of Demand And Supply, Production, Markets And So On Are Covered And Areas Of Their Potential Applications Explored.The Principles Are Enunciated First Using Simple Language, Then Illustrated With The Help Of Graphs And Diagrams And Occasionally Using Simple Mathematics To Derive Decision Rules. For Ready Reference Of The Readers, Three Appendices, One Each On Calculus, Linear Programming And Econometrics And A Glossary Of Technical Terms Are Also Included In The Book. The Book Will Prove To Be Useful As A Text Book For Post-Graduate Students Of Microeconomics And As One Of The Reference Books For Students Of Business Administration And Management Sciences. Teachers Of Microeconomics May Also Find It Useful As A Handy Reference Book.
Author : Jon D. Kendall
Publisher : World Scientific
ISBN 13 : 9789810232986
Total Pages : 452 pages
Book Rating : 4.2/5 (329 download)
Download or read book East Asian Economic Issues written by Jon D. Kendall and published by World Scientific. This book was released on 1997 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a compilation of papers written jointly by the staff and students of the Applied Economics Division of the Nanyang Business School. It is unique, in that all the works included are the result of an extensive, equal and mutually beneficial collaboration between the students and staff. At the same time, they embody the highest level of technical and analytical rigor, and will be immensely relevant and useful to readers interested in East Asian economic issues. In particular, this volume will prove valuable for anyone interested in both the microeconomic and macroeconomic developments affecting Singapore and ASEAN.
