Forecasting international trade A time series approach

This paper develops a time series model to forecast the growth in imports by major advanced economies in the current and following year (two to six quarters ahead). Both pure time series analysis and structural approaches that include additional predictors based on economic theory are used. Our resu...

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Bibliographic Details
Main Author: Keck, Alexander
Other Authors: Raubold, Alexander, Truppia, Alessandro
Format: eBook
Language:English
Published: Paris OECD Publishing 2010
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:This paper develops a time series model to forecast the growth in imports by major advanced economies in the current and following year (two to six quarters ahead). Both pure time series analysis and structural approaches that include additional predictors based on economic theory are used. Our results compare favourably with other trade forecasts, as measured by standard evaluation statistics and can serve as a benchmark for more complex macroeconomic models
Physical Description:20 p