Transcription of Chapter 5: Composite Economic Indicators
{{id}} {{{paragraph}}}
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.
There is an ongoing discussion on pros and cons for using composite indicators. The main advantages is that the indicators can summarize complex, multi-dimensional concepts in an easier ... Structural indicators, such as IT-development or globalization, describe situations or developments of the national economies that involves a permanent ...
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}