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Real time estimates of GDP growth

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Author Info
Groot, E.A. de
Franses, Ph.H.B.F. (Erasmus Econometric Institute)
Abstract

This paper describes the components of the EICIE, the Econometric Institute Current Indicator of the Economy. This measure concerns quarterly and annual growth of Dutch real Gross Domestic Product. The key component of our real-time forecasting model for Dutch quarterly GDP is weekly staffing services obtained from Randstad company, which is single explanatory variable. We show that these two variables are cointegrated, and that the staffing variable helps to give quarterly GDP figures with just a two-week delay.

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File URL: http://hdl.handle.net/1765/6743
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Publisher Info
Paper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number EI 2005-01 Revision_Date: 2009-11-06.

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Date of creation: 30 Jan 2005
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Handle: RePEc:dgr:eureir:1765006743

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Related research
Keywords: Current indicator; Staffing; GDP;

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ard den Reijer, 2006. "The Dutch business cycle: which indicators should we monitor?," DNB Working Papers 100, Netherlands Central Bank, Research Department. [Downloadable!]
  2. Ard den Reijer, 2007. "Identifying Regional and Sectoral Dynamics of the Dutch Staffing Labour Cycle," DNB Working Papers 153, Netherlands Central Bank, Research Department. [Downloadable!]
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This page was last updated on 2009-12-9.

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