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A Note on the Diachronic Behaviour of the OECD Forecasts for Greece

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Author Info

  • Dikaios Tserkezos

    ()
    (Department of Economics, University of Crete, Greece)

  • George Xanthos

    ()
    (Technical Institute of Crete)

  • Eva Pitikaki

    ()
    (Greek Econometric Institute - University of Crete)

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    Abstract

    In this short paper a Gamma distributed lags model is used to study the diachronic responses between the actual data and the forecasts supplied by OECD the last 27 years for the case of the Greek Economy. According to our results we verified the potentials of the OECD to improve its forecasts as the size of the foreseeable period decreases. Irrespective of how good are the OECD’s forecasts, there is certainly much room for further improvement.

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    File URL: http://economics.soc.uoc.gr/wpa/docs/diachronic_behaviour.pdf
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    Bibliographic Info

    Paper provided by University of Crete, Department of Economics in its series Working Papers with number 0814.

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    Length: 19 pages
    Date of creation: 00 2008
    Date of revision: 00 2008
    Publication status: Forthcoming in Journal of Computational Optimization in Economics and Finance
    Handle: RePEc:crt:wpaper:0814

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    Related research

    Keywords: OECD Forecasting Accuracy; Greek Economy; Gamma Distributed Lags Model;

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