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Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data, S. V. S. Dixit, Maxwell Opoku-Afari

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a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data.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
Table Of Contents
Cover; Contents; I. Introduction; II. Methodology; III. Application to Selected Countries; Figures; 1. Optimality Test; 2. Real CIEA; IV. Interpolating High-Frequency GDP Using the CIEA; 3. Quarterly GDP Interpolation; V. Stability and Robustness Tests; 4. Sensitivity Analysis; VI. Conclusion; Appendixes; I. Component Standardization Factors; II. Co-movement between Real GDP and Real CIEA; References
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475518863

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