A Note on the Diachronic Behaviour of the OECD Forecasts for Greece

Dikaios Tserkezos (), George Xanthos () and Eva Pitikaki ()
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Dikaios Tserkezos: Department of Economics, University of Crete, Greece
George Xanthos: Technical Institute of Crete
Eva Pitikaki: Greek Econometric Institute - University of Crete

No 814, Working Papers from University of Crete, Department of Economics

Abstract: In this short paper a Gamma distributed lags model is used to study the diachronic responses between the actual data and the forecasts supplied by OECD the last 27 years for the case of the Greek Economy. According to our results we verified the potentials of the OECD to improve its forecasts as the size of the foreseeable period decreases. Irrespective of how good are the OECD’s forecasts, there is certainly much room for further improvement.

Keywords: OECD Forecasting Accuracy; Greek Economy; Gamma Distributed Lags Model (search for similar items in EconPapers)
JEL-codes: E17 E37 F17 F47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-for and nep-mac
Date: 2008, Revised 2008

Forthcoming in Journal of Computational Optimization in Economics and Finance

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Persistent link: http://EconPapers.repec.org/RePEc:crt:wpaper:0814

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