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Tracking short-term dynamics of economic activity in low-income countries in the absence of high-frequency GDP data

Author: Maxwell Opoku-Afari; S V S Dixit; International Monetary Fund. African Department,
Publisher: [Washington, D.C.] : International Monetary Fund, ©2012.
Series: IMF working paper, WP/12/119.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of the direction of economic activity; and (ii) as a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data. It could also serve as a  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Maxwell Opoku-Afari; S V S Dixit; International Monetary Fund. African Department,
ISBN: 1475541821 9781475541823
OCLC Number: 794190021
Description: 1 online resource (20 pages) : illustrations.
Series Title: IMF working paper, WP/12/119.
Responsibility: prepared by Maxwell Opoku-Afari and Shiv Dixit.

Abstract:

This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of the direction of economic activity; and (ii) as a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data. It could also serve as a useful tool for policymakers to gauge short-term dynamics of economic activity and shape appropriate and timely policy responses.

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