El Salvador Selected Issues

This Selected Issues paper proposes a simple nowcast model for an early assessment of the Salvadorian economy. The exercise is based on a bridge model, which is one of the many tools available for nowcasting. For El Salvador, the bridge model exploits information for the period 2005–17 from a large...

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Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a El Salvador  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2018 
300 |a 79 pages 
651 4 |a El Salvador 
653 |a Migration 
653 |a Pension spending 
653 |a Finance 
653 |a Labour 
653 |a Social Security and Public Pensions 
653 |a International Migration 
653 |a Occupational Licensing 
653 |a Migration, immigration & emigration 
653 |a Emigration and immigration 
653 |a Competition 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a International economics 
653 |a Labor 
653 |a Population and demographics 
653 |a Expenditure 
653 |a Financial markets 
653 |a International trade 
653 |a Exports 
653 |a Pensions 
653 |a Labor market 
653 |a Skilled labor 
653 |a Emigration and Immigration 
653 |a Public Finance 
653 |a Professional Labor Markets 
653 |a Finance: General 
653 |a Income economics 
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490 0 |a IMF Staff Country Reports 
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520 |a This Selected Issues paper proposes a simple nowcast model for an early assessment of the Salvadorian economy. The exercise is based on a bridge model, which is one of the many tools available for nowcasting. For El Salvador, the bridge model exploits information for the period 2005–17 from a large set of variables that are published earlier and at higher frequency than the variable of interest, in this case quarterly GDP. The estimated GDP growth rate in the 4th quarter of 2017 is 2.4 percent year-over-year, leading to an average GDP growth rate of 2.3 percent in 2017. This is in line with the GDP growth implied by the official statistics released two months later, in March 23, 2018