Estimation of Economic Growth in France Using Business Survey Data
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Summary:
This paper proposes a new way of computing a coincident indicator for economic activity in France using data from business surveys. We use the generalized dynamic factor model à la Forni and others (2000) to extract common components from a large number of survey observations. The results obtained show that the resulting indicator forecasts economic activity with a relatively high degree of accuracy before the release of actual data.
Series:
Working Paper No. 2004/069
Subject:
Business cycles Cyclical indicators Economic and financial statistics Economic growth Financial institutions Stocks
English
Publication Date:
April 1, 2004
ISBN/ISSN:
9781451849097/1018-5941
Stock No:
WPIEA0692004
Pages:
20
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