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- W2016299358 abstract "An error correction specification which nests the linear-quadratic production smoothing and stock-adjustment models of inventories is estimated on US seasonally adjusted 2-digit SIC data. The restriction of the general model to the production smoothing specification is accepted for 4 out of 6 of the production to stock industries and for total non-durables. The estimation results do not suggest any use of inventories to smooth the level of production, but there is evidence of smoothing of the rate of change of production for 3 production to stock industries and for both total non-durables and total durables. Coefficient estimates may however be biased." @default.
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- W2016299358 date "1994-03-01" @default.
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- W2016299358 title "The Production Smoothing Model of Inventories Revisited" @default.
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- W2016299358 doi "https://doi.org/10.2307/2234759" @default.
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