Transcription of Chapter 5: Composite Economic Indicators
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1 Chapter 5: Composite Economic Indicators Contents Introduction .. 1 Arguments for and against Composite Economic Indicators .. 2 Composite Economic Indicators , some definitions .. 3 Cyclical Composite Economic Indicators .. 5 Non-Cyclical Indicators .. 8 Structural Indicators .. 9 Steps for construction of Composite Economic Indicators .. 10 Recommendations .. 18 References .. 19 Introduction Composite Economic Indicators (CEI) has been in use for many years. One of the first and most known Composite Indicators is the Conference Board Leading Indicators1. The main reason for developing Composite Economic Indicators was to anticipate movements of the reference variable that the indicator aimed to measure, mainly GDP. The Handbook of Cyclical Composite Indicators (forthcoming)2 presents a historical overview of this area.
economic situation, it was not until the aftermath of the Great Recession of 2008-2009 that users ... (OECD 2008) and the OECD system of Composite leading indicators (OECD 2012). 5.2 Arguments for and against composite economic indicators ... such as Switzerland or the Netherlands, to make it possible to produce composite indicators, but this ...
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