Naslov
Croatian Economic Sentiment Indicator: New Components and a New Weighting System

Autori
Bahovec, Vlasta ; Čižmešija, Mirjana ; Kurnoga Živadinović, Nataša

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, ostalo

Izvornik
ISI 2007 Book of Abstracts, 56 th Session of the International Statistical Institute / - , 2007, 471-471

ISBN
978-972-8859-71-8

Skup
56 th Session of the International Statistical Institute

Mjesto i datum
Lisabon, Portugal, 22.08.2007. - 29.08.2007

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
ESI - Indeks ekonomskog raspoloženja; ICI; BCI; RTCI; sustav ponderiranja
(ESI-Economic Sentiment Indicator; ICI; BCI; RTCI; weighting system)

Sažetak
The Economic Sentiment Indicator (ESI) is a composite indicator derived from Business and Consumer Surveys (BCS). Qualitative data on businessmen’ s and consumers’ perceptions of their economic environment are translated into quantitative indicators. These are: Industrial Confidence Indicator – ICI, Construction Confidence Indicator – BCI, Retail Trade Confidence Indicator – RTCI, Consumer Confidence Indicator – CCI and Services Confidence Indicator – SCI. All the indicators are calculated as a simple average of seasonally adjusted balances of two, three or four variables in BCS. These indicators are ESI components. BCS are qualitative surveys and widely used means for explaining and forecasting national economic activity. ESI makes it possible to forecast economic activity about one or two quarters before GDP statistics are published. Composite indicators must be occasionally revised in order to improve their prediction performance.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA