IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

A review of leading composite indicators: making a case for their use in Caribbean economies

Author Info

Listed author(s):
  • Cotrie, Gladys
  • Craigwell, Roland
  • Maurin, Alain

Abstract

In this article, three issues relating to leading composite indicators (LCI) are discussed: their importance, methods of estimation and uses by institutions worldwide. This discussion is utilised to provide lessons that could be learnt for the application of these indicators to the countries of the Caribbean. The principal message of this material is that in this geographical area, LCI would be important tools for economic decision makers to employ to forecast the future state of the economy. This option should be pursued vigorously by putting the necessary resources into developing the high frequency real sector data that is required for a successful application of the LCI methodology.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: https://mpra.ub.uni-muenchen.de/33390/1/MPRA_paper_33390.pdf
File Function: original version
Download Restriction: no

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33390.

as
in new window

Length:
Date of creation: 2009
Date of revision: 2009
Publication status: Published in Journal of Applied Econometrics and International Development 2.9(2009): pp. 145-161
Handle: RePEc:pra:mprapa:33390
Contact details of provider: Postal:
Ludwigstraße 33, D-80539 Munich, Germany

Phone: +49-(0)89-2180-2459
Fax: +49-(0)89-2180-992459
Web page: https://mpra.ub.uni-muenchen.de

More information through EDIRC

Keywords: Business cycles; Leading indicators;

Find related papers by JEL classification:

  • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
  • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
  • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

References listed on IDEAS
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.:

as
in new window


  1. Éric Heyer & Hervé Péléraux, 2004. "Un indicateur de croissance infra-annuelle pour l'économie française," Revue de l'OFCE, Presses de Sciences-Po, vol. 88(1), pages 203-218.
  2. Vincent Bodart & Fati Shadman-Mehta, 2004. "Prévoir les retournements conjoncturels en Belgique : les nouveaux indicateurs de l’IRES," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 26, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  3. Yanjun Liu & Carl Gaudreault & Robert Lamy, "undated". "New Concident, Leading and Recession Indexes for the Canadian Economy: An Application of the Stock and Watson Methodology," Working Papers-Department of Finance Canada 2003-12, Department of Finance Canada.
  4. Gladys COTRIE & Roland CRAIGWELL & Alain MAURIN, 2009. "Estimating Indexes Of Coincident And Leading Indicators For Barbados," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
  5. James H. Stock & Mark W. Watson, 1993. "A Procedure for Predicting Recessions with Leading Indicators: Econometric Issues and Recent Experience," NBER Chapters,in: Business Cycles, Indicators and Forecasting, pages 95-156 National Bureau of Economic Research, Inc.
  6. Joannes Mongardini & Tahsin Saadi-Sedik, 2003. "Estimating Indexes of Coincident and Leading Indicators; An Application to Jordan," IMF Working Papers 03/170, International Monetary Fund.
  7. Burkart, Oliver & Coudert, Virginie, 2002. "Leading indicators of currency crises for emerging countries," Emerging Markets Review, Elsevier, vol. 3(2), pages 107-133, June.
Full references (including those not matched with items on IDEAS)

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

as
in new window


Cited by:

  1. Gladys COTRIE & Roland CRAIGWELL & Alain MAURIN, 2009. "Estimating Indexes Of Coincident And Leading Indicators For Barbados," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Access and download statistics

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33390. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.