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
Radovi u zbornicima skupova, cjeloviti rad (in extenso), stručni

Izvornik
Bulletin of the International Statistical Institute 56th Session, Proeceedings - ISI 2007 - Lisboa / - , 2007

Skup
The 56 th Session of the International Statistical Institute

Mjesto i datum
Lisabon, Portugal, 22.08.2007. - 29.08.2007

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Nije recenziran

Ključne riječi
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