Analysis of Inventory Behaviour of OECD Countries
The most aggregate view of inventory investment tendencies of our set of countries is the one looking at the average of country-wise annual inventory investment over the investigated time horizon. Having the complete data set of the 20 TMEs for the full time horizon, it is possible to see the main tendencies. In Sect. 4.1, we analyse the aggregate inventory behaviour. We start with the 20 TMEs over the full time horizon, and then, we close in on the second sub-period and add the other 6 TMEs and 6 PSEs to the set of countries. The focus is on the examination of the mean and standard deviation of aggregate dI/GDP. After that, we continue with a country-level analysis of dI/GDP, again investigating the 20 TMEs first, and then add the other countries. We explore the main tendencies through descriptive statistics, and we visualize the relationship between the mean and standard deviation of dI/GDP.
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