Dikaios Tserkezos () (Department of Economics, University of Crete, Greece) George Xanthos () (Technical Institute of Crete) Eva Pitikaki () (Greek Econometric Institute - University of Crete)
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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Publisher Info
Paper provided by University of Crete, Department of Economics in its series Working Papers with number
0814.
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
Find related papers by JEL classification: E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation F17 - International Economics - - Trade - - - Trade Forecasting and Simulation F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation
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