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Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures...
Persistent link: https://www.econbiz.de/10011604898
area GDP (at current prices) between 0.16 and 0.27 percent. …
Persistent link: https://www.econbiz.de/10011605250
Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures...
Persistent link: https://www.econbiz.de/10013316816
area GDP (at current prices) between 0.16 and 0.27 percent …
Persistent link: https://www.econbiz.de/10013143332
This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That … is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the … indicators are used to bridge the gap of missing GDP data. The process of selecting the best performing equations is accomplished …
Persistent link: https://www.econbiz.de/10011605021
policy response has been to focus on the ratio of private sector credit to GDP for an economy, observing, in particular …-state relationship between private sector credit and GDP in the case of Ireland, a country which, even by international standards …
Persistent link: https://www.econbiz.de/10011605576
We consider simple methods to improve the growth nowcasts and forecasts obtained by mixed frequency MIDAS and UMIDAS models with a variety of indicators during the Covid-19 crisis and recovery period, such as combining forecasts across various specifications for the same model and/or across...
Persistent link: https://www.econbiz.de/10012422130
investment although rentals for owner occupied households is imputed into GDP. We argue that households de facto treat the … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting …
Persistent link: https://www.econbiz.de/10011604986
The financial crisis has highlighted the need for models that can identify counterparty risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures and...
Persistent link: https://www.econbiz.de/10011605170
of individual countries; (iv) expected real GDP growth, political cycles and the strength of fiscal rules also contribute …
Persistent link: https://www.econbiz.de/10011605388