Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/128590 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 471
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We produce predictions of the current state of the Indonesian economy by estimating a Dynamic Factor Model on a dataset of 11 indicators (also followed closely by market operators) over the time period 2002 to 2014. Besides the standard difficulties associated with constructing timely indicators of current economic conditions, Indonesia presents additional challenges typical to emerging market economies where data are often scant and unreliable. By means of a pseudo-real-time forecasting exercise we show that our model outperforms univariate benchmarks, and it does comparably with predictions of market operators. Finally, we show that when quality of data is low, a careful selection of indicators is crucial for better forecast performance.
Schlagwörter: 
Dynamic Factor Models
emerging market economies
nowcasting
JEL: 
C32
C53
E37
O53
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Dokumentart: 
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