Abstract
This article presents an empirical analysis of firms' order backlogs, 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.
Original language | English (US) |
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Pages (from-to) | 224-234 |
Number of pages | 11 |
Journal | Journal of Business and Economic Statistics |
Volume | 2 |
Issue number | 3 |
DOIs | |
State | Published - Jul 1984 |
Keywords
- Business survey tests
- Finns' adjustments
- Log-linear probability models
- Recursive system
ASJC Scopus subject areas
- Statistics and Probability
- Social Sciences (miscellaneous)
- Economics and Econometrics
- Statistics, Probability and Uncertainty