Trade-Cycle Oscillations: The Kaldor Model and the Keynesian Hansen–Samuelson Principle of Acceleration and Multiplier

2021 ◽  
pp. 169-176
Author(s):  
Giuseppe Orlando
Keyword(s):  
2012 ◽  
Vol 3 (2) ◽  
Author(s):  
Monika Dommann

Der Text geht von der These aus, dass nicht, wie oft behauptet, eine Virtualisierung, sondern eine Vergegenständlichung und Materialisierung den Kapitalismus auszeichnet. Dabei werden Warenlager als materialisierte Form des industriellen Kapitalismus hinsichtlich ihrer epistemischen Produktivkraft untersucht. Im Zentrum steht dabei die Entstehung eines neuen handelswissenschaftlichen und volkswirtschaftlichen Wissenskorpus, das in die Praxis der Warenlagerung interveniert. Nach der Weltwirtschaftskrise von 1920/21 wird die Vorratshaltung in Frage gestellt und es beginnt eine neue Epoche der Warenlagerwissenschaften, deren Folgen auch bei der Formulierung von Konjunkturtheorien thematisiert werden. </br></br>The paper presents the thesis that, in contrast to the conventional claim, capitalism is not characterized by virtualization, but by objectification and materialization. As materialized forms of industrial capitalism, warehouses are investigated with regard to their epistemic productivity. Central for the argument is the emergence of a new body of knowledge concerning commercial and economic sciences, which figures decisively in the practice of warehousing. After the worldwide economic crisis of 1920/21, stockpiling is called into question and a new era of warehouse sciences begins, the consequences of which are also addressed in the formulation of trade cycle theories.


1966 ◽  
Vol 74 (2) ◽  
pp. 213-213
Author(s):  
Thor Hultgren
Keyword(s):  

1972 ◽  
Vol 82 (327) ◽  
pp. 853 ◽  
Author(s):  
William D. Nordhaus ◽  
Wynne Godley
Keyword(s):  

1956 ◽  
Vol 8 (1) ◽  
pp. 90-101 ◽  
Author(s):  
J. N. WOLFE
Keyword(s):  

1964 ◽  
Vol 74 (294) ◽  
pp. 425 ◽  
Author(s):  
R. C. O. Matthews ◽  
R. R. Neild
Keyword(s):  

Author(s):  
Guilherme Cardoso ◽  
Dannie Carr Quirós ◽  
Guilherme Santos Souza ◽  
Karem Cristina de Sousa Ribeiro

Objective: The inventory management faces a trade-off which affects firms in the relationship between whether maintaining high inventories and decreasing the probability of stock-outs or keeping inventory levels lower and applying the excess cash to other investments. Thus, this paper investigates the relationship between inventory management and performance. Method: The sample is comprised of non-financial Brazilian firms listed in the BM&FBovespa from 2010 to 2016, and due to inventory is not to be a relevant factor in the revenues of all the firms of the initial sample, it was applied a procedure to refine the sample through a simple linear regression to only comprise firms with a significant relationship between inventory and sales. To test the assumptions declared by the study, we used a quantitative approach based in a regression analysis. Results: The results indicate that the model which considers value added measurement of performance shows that there is no relationship between inventory and performance. However, a robustness check was done using the ROA to measure the performance and, in this scenario, there was a statistically inverted U-shaped relation between the profitability, the net trade cycle and its square. This means that a non-linear relationship between the variables were found, which follows the idea of an optimal level of inventory and performance. Contributions: To the best of the author’s knowledge, this is the first study that investigates an inflection point between inventory management and performance in Brazilian firms. The findings have relevant practical guidelines to the Brazilian firms and researchers in the analysis of the performance related to the net trade cycle, which it can be suggested that the Brazilian shareholders are not concerned about internal factors, as the inventory management, but if the firm is being managed profitable.


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