NOWCASTING REGIONAL ECONOMIC GROWTH IN INDONESIA

Jesica Nauli Br. Siringo Ringo () and Anugerah Karta Monika
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Jesica Nauli Br. Siringo Ringo: BPS Statistics, Indonesia
Anugerah Karta Monika: Politeknik Statistika STIS, Jakarta, Indonesia

Bulletin of Monetary Economics and Banking, 2022, vol. 25, issue 3, 291-322

Abstract: This study aims to nowcast gross regional domestic product at the provincial level for Indonesia. The dynamic factor model and mixed data sampling were applied to three sets of variables; namely, macroeconomic, financial, and Google Trends. We find that both methods captured several economic expansions and contractions, including the recent downturn during the COVID-19 pandemic. By including the pandemic period, accuracy across the same set of variables and provinces was slightly reduced.

Keywords: Nowcasting DFM; MIDAS; GRDP (search for similar items in EconPapers)
JEL-codes: C38 C53 E27 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:25:y:2022:i:3b:p:291-322

DOI: 10.21098/bemp.v25i3.1815

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