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Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data

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  • S. V. S. Dixit
  • Maxwell Opoku-Afari
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    Abstract

    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a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data.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.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/119.

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    Length: 20
    Date of creation: 01 May 2012
    Date of revision:
    Handle: RePEc:imf:imfwpa:12/119

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    Related research

    Keywords: Economic indicators; Economic models; Gross domestic product; Low-income developing countries; paper; correlation; forecasting; time series; standard deviations; sensitivity analysis; statistical indicators; correlations; arithmetic; statistics; equation; standard deviation; writing; statistical methods;

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    1. Albu, Lucian Liviu, 2008. "A Model to Estimate the Composite Index of Economic Activity in Romania – IEF-RO," Journal for Economic Forecasting, Institute for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 44-50, June.
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