Estimation of Economic Growth in France Using Business Survey Data

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.
Publication date: April 2004
ISBN: 9781451849097
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Development - Economic Development , Development - Economic Development , Dynamic factor models , survey data , forecasting , surveys , growth rate , economic growth , economic growth rate , Multiple or Simultaneous Equation Models: Models with Panel Data , Survey Methods , Forecasting and Other Model Applications , Prices , Business Fluctuations , an

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