Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data
May 1, 2012
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Summary
This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of the direction of economic activity; and (ii) as a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data. It could also serve as a useful tool for policymakers to gauge short-term dynamics of economic activity and shape appropriate and timely policy responses.
Subject: Business cycles, Cyclical indicators, Economic growth, Inflation, Labor, Prices, Taxes, Value-added tax
Keywords: Business cycles, CIEA Index, CIEA series, Cyclical indicators, Economic Activity, GDP, GDP estimate, Global, high-frequency GDP, Inflation, interpolated GDP, Short-Term Dynamics, Value-added tax, WP
Pages:
20
Volume:
2012
DOI:
Issue:
119
Series:
Working Paper No. 2012/119
Stock No:
WPIEA2012119
ISBN:
9781475503487
ISSN:
1018-5941
