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An Empirical Analysis of Backlog, Inventory, Production and Price Adjustments: An Application of Recursive Systems of Log-Linear Models

Ottenwaelter, B. and Vuong, Quang H. (1983) An Empirical Analysis of Backlog, Inventory, Production and Price Adjustments: An Application of Recursive Systems of Log-Linear Models. Social Science Working Paper, 442. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20171002-140313542

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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.


Item Type:Report or Paper (Working Paper)
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http://resolver.caltech.edu/CaltechAUTHORS:20171115-163603445Related ItemPublished Version
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.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
Centre National de la Recherche Scientifique (CNRS)ERA 199
Subject Keywords:Statistical models, Inventories, Economic models, Mathematical models, Demand, Price level changes, Demand change, Probabilities, Parametric models, Mathematical independent variables
Record Number:CaltechAUTHORS:20171002-140313542
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20171002-140313542
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81960
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:04 Oct 2017 19:46
Last Modified:16 Nov 2017 18:45

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