Replication data for: Declining Volatility in the U.S. Automobile Industry

Principal Investigator(s):  View help for Principal Investigator(s) Valerie A. Ramey; Daniel J. Vine

Version:  View help for Version V1

Name File Type Size Last Modified
AggregGDP.xls application/vnd.ms-excel 27.5 KB 12/07/2019 07:24:AM
Chrysler.xls application/octet-stream 657.1 KB 12/07/2019 07:24:AM
FordA.xls application/octet-stream 494.6 KB 12/07/2019 07:24:AM
FordB.xls application/octet-stream 494.6 KB 12/07/2019 07:24:AM
GMA.xls application/octet-stream 655.1 KB 12/07/2019 07:24:AM
GMB.xls application/octet-stream 656.7 KB 12/07/2019 07:24:AM
GMC.xls application/octet-stream 429.4 KB 12/07/2019 07:24:AM
LICENSE.txt text/plain 14.6 KB 12/07/2019 07:24:AM
Ramey_Vine_Aggregate_MV_Data.xls application/vnd.ms-office 139.5 KB 12/07/2019 07:24:AM
ReadMe.pdf application/pdf 20.4 KB 12/07/2019 07:24:AM

Project Citation: 

Ramey, Valerie A., and Vine, Daniel J. Replication data for: Declining Volatility in the U.S. Automobile Industry. Nashville, TN: American Economic Association [publisher], 2006. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116254V1

Project Description

Summary:  View help for Summary Dramatic changes in the volatility of output occurred in the U.S. auto industry in the early 1980s. Namely, output volatility declined, the covariance of inventory investment and sales grew more negative, and adjustments to production schedules, which in earlier decades stemmed primarily from plants hiring and laying off workers, were more often accomplished with changes in average hours per worker after the mid- 1980s. Using a linear quadratic inventory model with intensive and extensive labor adjustments, we show how all of these changes could have stemmed from one underlying factor—a decline in the persistence of motor vehicle sales. (JEL G31, L25, L62, M11)

Scope of Project

JEL Classification:  View help for JEL Classification
      G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
      L23 Organization of Production
      L25 Firm Performance: Size, Diversification, and Scope
      L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
      M11 Production Management


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V1 [2019-12-07]

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