Macroeconomic characteristics and inventory investment:: a multi-country study

The paper is a new element in a series of studies analyzing macroeconomic inventory behavior by use of multicountry data. In this paper, seven hypotheses are tested with positive result. These hypotheses include subjects like relations of inventories with growth and with some other macroeconomic indicators of the use of GDP and the long-term tendencies of global inventory formations. Multivariate statistical analysis is used for evaluation. (C) 2004 Elsevier B.V. All rights reserved.