Quantification of Expectations for General Economic Situation on the Basis of Industrial Production Index with Data Revisions

• Autorzy: Emilia Tomczyk
• Języki publikacji: EN

Abstrakty

EN

Use of appropriate data vintages and taking data revisions into account have only recently became a staple of applied econometric analysis. In this paper, the topic of data vintage in regression quantification procedures is readdressed for survey data on general economic situation. From empirical analysis it follows that quantification of survey data on general economic situation on the basis of industrial production index does not present a significant improvement over the use of response balance. Additionally, results obtained for real-time and end-of-sample data are very similar and do not suggest superiority of any of these two data vintages as far as quantification of survey data on general economic situation is concerned. (original abstract)

Słowa kluczowe

EN

Econometric analysis; Industrial production; Economic situation; Quantification procedures

PL

Analiza ekonometryczna; Produkcja przemysłowa; Sytuacja gospodarcza; Ujęcie ilościowe

• Czasopismo: Prace i Materiały Instytutu Rozwoju Gospodarczego / Szkoła Główna Handlowa
• Rocznik: 2015
• Numer: nr 97 Economic cycles and uncertainty
• Strony: 95--106

Twórcy

autor

Emilia Tomczyk

• Warsaw School of Economics, Poland

Bibliografia

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