A Monthly Indicator of Economic Growth for Low Income Countries
IMF Working Papers, January 17, 2020
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- A Monthly Indicator of Economic Growth for Low Income Countries
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Bibliographic details
- Authors: Michael Stanger
- Published: January 17, 2020
- Series: IMF Working Papers
Overview and purpose
- Presents an overview of the data and statistical requirements to develop monthly economic indicators for low income countries (LICs), taking into account resource constraints that LICs typically face.
- Reviews statistical procedures for developing these indicators under the System of National Accounts.
- Proposes a general procedure to derive a monthly composite indicator of economic growth in low income economies.
- Emphasizes the role of monthly indicators to support policy analysis of current economic developments and forecasting.
Key findings and contributions
- Identification of data and statistical requirements tailored to LIC resource constraints.
- Review of applicable statistical procedures consistent with the System of National Accounts.
- Proposal of a general procedure to construct a monthly composite indicator of economic growth for LICs.
- Positioning monthly indicators as tools for improved short-term economic monitoring and forecasting.
Subjects and keywords
- Subjects: Business cycles, Economic and financial statistics, Economic growth, National accounts, Production, Production index
- Keywords: business cycle indicators start, Business cycles, consumer confidence, Economic activity, economic activity indicator, electricity production, employment statistics, estimate, GDP, high frequency economic activity measure, high-frequency indicator, indicator, MIEG, price statistics, Production index, quarterly economic activity indicator, report production indexes to the IMF, statistics, System of National Accounts, trend-cycle estimate, WP
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- Working Paper