We estimate quarterly dynamic housing demand and investment supply models for Sweden and UK for the sample period 1970-1998 using an Error Correction Method (ECM). This method requires as a preliminary step that we test for the order of integration and cointegration. The ECM models seem...

One-year-ahead forecasts by OECD and by national institutes of annual growth of GDP of 13 European countries are analysed for accuracy 1971.1995. Average errors were large: 1.9 % in RMSE and 1.4 MAE. Wilcoxon signed-rank tests showed that only four (five) OECD and two (four) institute forecast...

One-year-ahead forecasts by the OECD and by national institutes of GDP growth and inflation in 13 European countries are analysed. RMSE was large: 1.9 % for growth and 1.6 % for inflation. Six (11) OECD and 10 (7) institute growth forecast records were significantly better than an average growth...

This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor...

A housing market model for Sweden has been estimated on semi-annual data for 1970-97 by separately modelling the demand and the supply sides, specified in error correction form. On the demand side in the short run house prices adjust to the changes in the real after-tax long interest rate,...

"This paper is concerned with the nature of economic growth in the nine sectors of private business in the Swedish economy for the sample period 1963-1999. The results of the study indicate that there is substantial heterogeneity (across both sectors and time) in rates of value-added, hours...

A housing market model for Sweden has been estimated on semi-annual data for 1970-97 by separately modelling the demand and the supply sides, specified in error correction form. On the demand side in the short run house prices adjust to the changes in the real after-tax long interest rate,...

This study evaluates the performance of the eight most important Swedish domestic forecasters of real GDP-growth, CPI-inflation and unemployment for the sample period 1993-2001. The evaluation is based on the following measures: mean absolute error, the root mean square error, bias and finally...

This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor...