Robert J Rossana
Biographic Data
| ID | 8879531 |
|---|---|
| NAME | Robert J Rossana |
| GIVEN NAMES | Robert J |
| FAMILY NAME | Rossana |
| SIGNATURE | ROSSANA R J |
| AFFILIATIONS | Wayne State University |
| VERIFIED | No |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1983 |
| LATEST PUBLICATION YEAR | 1998 |
| H-INDEX | 0 |
Structural Instability and the Production-Smoothing Model of Inventories
The production-smoothing model of inventories implies that inventories, labor inputs, sales, and factor input prices are cointegrated if sales and factor prices are I(1) with one cointegrating vector for each state variable held. These propositions are tested in six nondurable-goods industries. All industries provide evidence of cointegration. Fewer quasi-fixed factors are found than previous research often assumed. Estimates of cointegrating vec…
Temporal Aggregation and Economic Time Series
We examine the effects of temporal aggregation on the estimated time series properties of economic data. Theory predicts that temporal aggregation loses information about the underlying data processes. We find those losses to be substantial. Monthly and quarterly data are governed by complex time series processes with much low-frequency cyclical variation, whereas annual data are governed by extremely simple processes with virtually no cyclical v…
Estimating the Speed of Adjustment in Partial Adjustment Models
We reexamine a recent controversy in the inventory literature regarding the impact of estimator choice on estimated speeds of adjustment in partial adjustment models. We compare the properties of two asymptotically equivalent estimators, the residual-adjusted Aitken (RAA) and nonlinear least squares (NLS) estimators. Our results indicate that (a) the RAA estimator is very sensitive to the quality of the instrument used in first-round estimation, …
Interrelated Demands for Buffer Stocks and Productive Inputs
Robert J. Rossana, Interrelated Demands for Buffer Stocks and Productive Inputs: Estimates for Two-Digit Manufacturing Industries, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 19-29
Buffer Stocks and Labor Demand
This paper presents estimates of a multivariate flexible accelerator model of labor demand (hours and the number of production workers) which shows that stocks of finished goods, unfilled orders and materials inventories have significant impacts upon labor demand. Univariate time series models are used to capture expectations of the determinants of desired stocks (new orders, real wages and real raw materials prices) and these magnitudes are foun…
Some Empirical Estimates of the Demand for Hours in U.S. Manufacturing Industries
THIS paper presents estimates of hours equations based upon optimizing behavior of firms in a dynamic context. The order-stock distinction is the point of departure for this paper. Firms will be presumed here to produce to stock or to order. Hours equations will be derived which link hours worked to levels of inventories of finished goods or unfilled orders. Early work on the demand for labor ignored the effects of inventones and unfilled orders …
No prominent works on this page.
Some Empirical Estimates of the Demand for Hours in U.S. Manufacturing Industries
THIS paper presents estimates of hours equations based upon optimizing behavior of firms in a dynamic context. The order-stock distinction is the point of departure for this paper. Firms will be presumed here to produce to stock or to order. Hours equations will be derived which link hours worked to levels of inventories of finished goods or unfilled orders. Early work on the demand for labor ignored the effects of inventones and unfilled orders …
Buffer Stocks and Labor Demand
This paper presents estimates of a multivariate flexible accelerator model of labor demand (hours and the number of production workers) which shows that stocks of finished goods, unfilled orders and materials inventories have significant impacts upon labor demand. Univariate time series models are used to capture expectations of the determinants of desired stocks (new orders, real wages and real raw materials prices) and these magnitudes are foun…
Interrelated Demands for Buffer Stocks and Productive Inputs
Robert J. Rossana, Interrelated Demands for Buffer Stocks and Productive Inputs: Estimates for Two-Digit Manufacturing Industries, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 19-29
Estimating the Speed of Adjustment in Partial Adjustment Models
We reexamine a recent controversy in the inventory literature regarding the impact of estimator choice on estimated speeds of adjustment in partial adjustment models. We compare the properties of two asymptotically equivalent estimators, the residual-adjusted Aitken (RAA) and nonlinear least squares (NLS) estimators. Our results indicate that (a) the RAA estimator is very sensitive to the quality of the instrument used in first-round estimation, …
Temporal Aggregation and Economic Time Series
We examine the effects of temporal aggregation on the estimated time series properties of economic data. Theory predicts that temporal aggregation loses information about the underlying data processes. We find those losses to be substantial. Monthly and quarterly data are governed by complex time series processes with much low-frequency cyclical variation, whereas annual data are governed by extremely simple processes with virtually no cyclical v…
Structural Instability and the Production-Smoothing Model of Inventories
The production-smoothing model of inventories implies that inventories, labor inputs, sales, and factor input prices are cointegrated if sales and factor prices are I(1) with one cointegrating vector for each state variable held. These propositions are tested in six nondurable-goods industries. All industries provide evidence of cointegration. Fewer quasi-fixed factors are found than previous research often assumed. Estimates of cointegrating vec…
Econometrics (6 works) · Economics (5 works) · Monetary Policy and Economic Impact (5 works) · Mathematics (4 works) · Computer Science (3 works) · Statistics (3 works) · Buffer (optical fiber) (2 works) · Buffer stock scheme (2 works) · Business (2 works) · Economic theories and models (2 works)