Construction of composite business cycle indicators in a scarce data environment A case study for Abu Dhabi

Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a scarce data situation. Indicator building is merged with temporal disaggregation, wh...

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Bibliographic Details
Main Author: Abberger, Klaus
Other Authors: Nierhaus, Wolfgang
Format: eBook
Language:English
Published: Paris OECD Publishing 2015
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a scarce data situation. Indicator building is merged with temporal disaggregation, which is often used by statistical offices. The discussed tools are applied in a case study for Abu Dhabi. Because the economy of Abu Dhabi is very dependent on oil, real income reflects the economic situation better than real gross domestic product (GDP). For this reason a measure of real gross domestic income (GDI) was chosen as reference series. Keywords: Business cycle indicators, temporal disaggregation, terms of trade, oilproducing countries JEL code: E01, E32, C22
Physical Description:13 p. 21 x 28cm