{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,2,8]],"date-time":"2024-02-08T22:40:34Z","timestamp":1707432034769},"reference-count":26,"publisher":"Wiley","issue":"8","license":[{"start":{"date-parts":[[2006,12,12]],"date-time":"2006-12-12T00:00:00Z","timestamp":1165881600000},"content-version":"vor","delay-in-days":11,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2006,12]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>Estimation of the linear quadratic model, the workhorse of the inventory literature, traditionally takes inventories and sales to be first\u2010difference stationary series, and the ratio of the two variables to be stationary. However, these assumptions do not always match the properties of the data for the last two decades in the United States. We propose a model that allows for the non\u2010stationary characteristics of the data, using polynomial cointegration. We show that the closed\u2010form solution has other recent models as special cases. The resulting model performs well on aggregate and disaggregated data. Copyright \u00a9 2006 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.892","type":"journal-article","created":{"date-parts":[[2006,12,12]],"date-time":"2006-12-12T13:19:31Z","timestamp":1165929571000},"page":"1249-1264","source":"Crossref","is-referenced-by-count":3,"title":["A re\u2010interpretation of the linear quadratic model when inventories and sales are polynomially cointegrated"],"prefix":"10.1002","volume":"21","author":[{"given":"Anindya","family":"Banerjee","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Paul","family":"Mizen","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2006,12,12]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.5.1.73"},{"key":"e_1_2_8_3_1","doi-asserted-by":"publisher","DOI":"10.2307\/2234478"},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.2307\/2527043"},{"key":"e_1_2_8_5_1","doi-asserted-by":"crossref","DOI":"10.1093\/oso\/9780198283393.001.0001","volume-title":"Long\u2010Run Economic Relationships: Readings in Cointegration","author":"Engle RF","year":"1991"},{"key":"e_1_2_8_6_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.3950090509"},{"key":"e_1_2_8_7_1","doi-asserted-by":"publisher","DOI":"10.1016\/0161-8938(95)00143-3"},{"key":"e_1_2_8_8_1","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0084.00127"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1002\/(SICI)1099-1255(199903\/04)14:2<155::AID-JAE497>3.0.CO;2-#"},{"key":"e_1_2_8_10_1","volume-title":"Cointegration, Causality, and Forecasting: A Festschrift in Honour of Clive W. 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