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a new indicator, named World steel production, and compare it to other existing indicators, precisely the Kilian's index … of global real economic activity and the index of OECD World industrial production. We develop an econometric approach … based on desirable econometric properties in relation to the quarterly measure of World or global gross domestic product to …
Persistent link: https://www.econbiz.de/10012971220
a new indicator, named World steel production, and compare it to other existing indicators, precisely the Kilian's index … of global real economic activity and the index of OECD World industrial production. We develop an econometric approach … based on desirable econometric properties in relation to the quarterly measure of World or global gross domestic product to …
Persistent link: https://www.econbiz.de/10013023283
a new indicator, named World steel production, and compare it to other existing indicators, precisely the Kilian's index … of global real economic activity and the index of OECD World industrial production. We develop an econometric approach … based on desirable econometric properties in relation to the quarterly measure of World or global gross domestic product to …
Persistent link: https://www.econbiz.de/10013023926
In this paper we propose a new indicator of monthly global real economic activity, named world steel production. We use … world steel production, OECD industrial production index and Kilian's rea index to forecast world real GDP, and key … commodity prices. We find that world steel production generates large statistically significant gains in forecasting world real …
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It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...
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