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http://hdl.handle.net/1765/6743
series: EI 2005-01

Real time estimates of GDP growth


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This paper describes the components of the EICIE, the Econometric Institute Current Indicator of the Economy. This measure concerns quarterly and annual growth of Dutch real Gross Domestic Product. The key component of our real-time forecasting model for Dutch quarterly GDP is weekly staffing services obtained from Randstad company, which is single explanatory variable. We show that these two variables are cointegrated, and that the staffing variable helps to give quarterly GDP figures with just a two-week delay.



Keywords


Classifications using Journal of Economic Literature (JEL) Classification System
Automatically Extracted Terms
  • log gdpt
  • quarter
  • log gdp 2004q
  • value
  • model
  • growth
  • 2004q
  • 2003q
  • log gdp 2003q
  • log st
  • randstad
  • year t
  • log gdp t
  • series
  • estimate
  • trend
  • log gdpt -2
  • variable
  • table
  • netherland


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