全球智库信息集成服务系统(G2TT): DP11013 Shipment frequency of exporters and demand uncertainty: An inventory management approach

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11013
	DP11013 Shipment frequency of exporters and demand uncertainty: An inventory management approach
	Lionel Fontagné; Gábor Békés; Balázs Muraközy; Vincent Vicard
发表日期	2015-12-20
出版年	2015
语种	英语
摘要	This paper studies how exporting firms optimize their inventory management in order to adapt to the uncertainty stemming from demand volatility. We motivate our analysis with a stochastic inventory management framework. We use monthly micro data on French exporters and find that greater uncertainty is associated with lower sales volume. We decompose this effect to its two margins, the number of shipments and average shipment size to find that the number of shipments decreases more quickly as uncertainty increases which is in line with firms adjusting their inventory policy as well as their exported volume as a result of increased uncertainty. Also, uncertainty was found to matter more at distant markets where the uncertainty between firm actions and the arrival of the products is the largest.
主题	International Trade and Regional Economics
关键词	Firms Frequency of trade Gravity Inventory model Transport costs
URL	https://cepr.org/publications/dp11013
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/539842
推荐引用方式 GB/T 7714	Lionel Fontagné,Gábor Békés,Balázs Muraközy,et al. DP11013 Shipment frequency of exporters and demand uncertainty: An inventory management approach. 2015.