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Zu wenig Wettbewerb? Zu Stand und Entwicklung der Genauigkeit makroökonomischer Prognosen

Author

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  • Klinger, Sabine
  • Heilemann, Ullrich

Abstract

Ungeachtet der vielfältigen Anstrengungen hat sich die Genauigkeit makroökonomischer Prognosen seit den 1970er Jahren nicht verbessert. Deshalb mahnen (manche) Ökonomen "mehr Wettbewerb" unter den Prognoseinstituten an – und hoffen, dass die allokative Effizienz marktlicher Lösungen auch bei Makroprognosen eintritt. Allerdings handelt es sich um sehr spezifische Informationsgüter: Sie ähneln öffentlichen Gütern, ihre Genauigkeit und ihre allgemeine Güte lassen sich schwer messen, aus vergangenen Ergebnissen kann nicht auf den künftigen Erfolg/Misserfolg geschlossen werden. Folgerichtig führt die wettbewerbstheoretische Analyse nicht zu klaren Indizien, dass "mehr Wettbewerb" die Prognosegüte erhöht. Dieses noch vage Ergebnis wird von einer empirischen Untersuchung ausgewählter nationaler Prognosemärkte unterstrichen: Weder die Anzahl der Prognoseinstitute noch das Verhältnis von kommerziellen zu nicht-kommerziellen Prognostikern zeigte einen positiven Einfluss auf die Treffsicherheit. Trotz der Skepsis der Autoren darüber, dass makroökonomische Prognosen zurzeit überhaupt wesentlich verbesserbar wären, werden Vorschläge unterbreitet, wie der Prognosewettbewerb intensiviert werden könnte.

Suggested Citation

  • Klinger, Sabine & Heilemann, Ullrich, 2005. "Zu wenig Wettbewerb? Zu Stand und Entwicklung der Genauigkeit makroökonomischer Prognosen," Technical Reports 2005,16, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
  • Handle: RePEc:zbw:sfb475:200516
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    References listed on IDEAS

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    Cited by:

    1. Heilemann, Ullrich & Stekler, Herman, 2007. "Introduction to "The future of macroeconomic forecasting"," International Journal of Forecasting, Elsevier, vol. 23(2), pages 159-165.
    2. Ulrich Heilemann & Susanne Schnorr-Bäcker, 2016. "Could The Start Of The German Recession 2008-2009 Have Been Foreseen? Evidence From Real-Time Data," Working Papers 2016-003, The George Washington University, Department of Economics, Research Program on Forecasting.
    3. Döhrn Roland & Schmidt Christoph M., 2011. "Information or Institution?: On the Determinants of Forecast Accuracy," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(1), pages 9-27, February.

    More about this item

    Keywords

    empirical macroeconomics; forecasting accuracy; competition;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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