Aggregation and Testing of The Production Smoothing Hypothesis  

Oleh:

Lai, Kon S.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 2 (1991), page 391-404.
Topik: production; aggregation; testing; production; smoothing hypothesis

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper examines the aggregate implications of the production smoothing model. The analysis indicates that aggregation can be a source of bias distorting tests of production smoothing based on the relative variance of production and sales. It is shown that, depending upon the relative variability of different types of market shocks firms face, the aggregation bias can be so severe as to render the test of the production smoothing hypothesis invalid.

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