Business and Consumer Surveys in Cyprus

Nicoletta Pashourtidou () and Andreas Tsiaklis
Additional contact information
Nicoletta Pashourtidou: Economics Research Centre, University of Cyprus
Andreas Tsiaklis: Economics Research Centre, University of Cyprus

Cyprus Economic Policy Review, 2010, vol. 4, issue 1, 47-61

Abstract: This paper investigates the usefulness of information collected through Business and Consumer Surveys in Cyprus, as a tool for monitoring the developments in the economy and as an input in econometric modelling for the construction of short-term forecasts for macroeconomic variables. The analysis shows that the readily available data from Business and Consumer Surveys capture quite well the different trends both in the economy as a whole and in several sectors. The survey data contain leading information for the future evolution of output growth and, to a smaller extent, of inflation. Moreover, the analysis for different sectors revealed that Business and Consumer Survey data exhibit significant correlations with the corresponding quantitative economic variables published by the Statistical Service and in most cases the changes in survey variables lead the changes in the relevant economic variables. Nevertheless, there are still other aspects of the survey data to be explored and there is room for improvement in the survey results.

Keywords: Business and consumer surveys; economic sentiment indicator; confidence indicators (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ucy.ac.cy/erc/documents/Pashourtidou_Full_Text.010.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:erc:cypepr:v:4:y:2010:i:1:p:47-61

Ordering information: This journal article can be ordered from

Access Statistics for this article

Cyprus Economic Policy Review is currently edited by Prof. Elena Andreou

More articles in Cyprus Economic Policy Review from University of Cyprus, Economics Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Vasiliki Bozani ().