engleski

A composite leading indicator for a small transition economy : the case of Croatia

This paper provides an overview of application of a modified NBER “ leading indicators approach” in Croatia since the mid 1990s. Shortness of time series, which has proven to be the biggest obstacle in applying the original NBER method, was overcome by a modification of a methodological step in the scoring procedure.

Leading indicators approach; the CROLEI index; the NBER method; bivariate Granger causality test; the scoring method

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