Building Up a Real Sector Business Confidence Index for Turkey
The two major aims of this study are, firstly, to receive valuable insight into the Business Tendency Survey of the Central Bank of the Republic of Turkey and, secondly, to construct a real sector confidence index by using the questions of the Business Tendency Survey. The most important motivation behind constructing a real sector confidence index is to provide an indicator of short-term business conditions for economic policy makers and business managers by examining business managers' views on general business conditions and their future anticipations. The real sector confidence index is constructed in accordance with statistical criteria and economic theory. Afterwards, the performance of the index in tracking the cyclical features of industrial production index is tested.
Volume (Year): 5 (2005)
Issue (Month): 1 ()
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- Giorgio Bodo & Roberto Golinelli & Giuseppe Parigi, 2000.
"Forecasting Industrial Production in the Euro Area,"
Temi di discussione (Economic working papers)
370, Bank of Italy, Economic Research and International Relations Area.
- Giuseppe Parigi & Roberto Golinelli & Giorgio Bodo, 2000. "Forecasting industrial production in the Euro area," Empirical Economics, Springer, vol. 25(4), pages 541-561.
- Bodo, G. & Golinelli, R. & Parigi, G., 2000. "Forecasting Industrial Production in the Euro Area," Papers 370, Banca Italia - Servizio di Studi.
- Víctor Gómez & Agustín Maravall, 1998. "Seasonal Adjustment and Signal Extraction in Economic Time Series," Working Papers 9809, Banco de España;Working Papers Homepage.
- Ng, Yew-Kwang, 1992. "Business Confidence and Depression Prevention: A Mesoeconomic Perspective," American Economic Review, American Economic Association, vol. 82(2), pages 365-71, May.
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