This article presents the Working Time Measurement Concept of the Institute for Employment Research, which determines the hours worked in Germany and their individual components. The Working Time Measurement Concept is the key data product on working time in Germany and underlies the German...

We evaluate the usefulness of satellite-based data on nighttime lights for the prediction of annual GDP growth across a global sample of countries. Going beyond traditional measures of luminosity, such as the sum of lights within a country's borders, we propose several innovative distribution-...

This paper presents a satellite account in which investment in human capital is considered as a produced product/asset. It is not the education sector but the individual person taking education or training/courses that is the genuine producer of human capital. The former only provides education...

The economic environment must be parsed because of the multitude of phenomena that determine developments which generate effects and show sinuous ridges that can be interpreted differed depending on the context. Tourism is an important sector of the economy, and the evolution must be analyzed...

This paper presents a novel logarithmic mean Divisia index (LMDI) decomposition framework that is tailor-made for unit cost indicators. It adds four new models to the existing LMDI model family. The main novelty of the new framework lies in the separation of quantity and price effects captured...

This note develops a flexible methodology for splicing economic time series that avoids the extreme assumptions implicit in the procedures most commonly used in the literature. It allows the user to split the required correction to the older of the series being linked between its levels and...

Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...

The main objective of this Working Paper is to present long-term series (1950-2020) for the functional distribution of income at subsector level for argentine industry (International Standard Industrial Classification of All Economic Activities -ISIC- rev. 3). For this purpose, we recovered...

The main objective of this Working Paper is to present a long-term series (1950-2019) for the functional distribution of income in the Argentinean manufacturing sector. For this purpose, the work is divided according to the methodologies used: linear interpolation for the base years 1986, 1993...

Official estimates of economic growth are regularly revised and therefore forecasts for GDP growth are done on the basis of ever-changing data. The economic literature has intensively studied the properties of those revisions and their implications for forecasting models. However, it is much...