Construction of composite business cycle indicators in a scarce data environment: A case study for Abu Dhabi

Klaus Abberger and Wolfgang Nierhaus

OECD Journal: Journal of Business Cycle Measurement and Analysis, 2015, vol. 2015, issue 1, 83-95

Abstract: Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a scarce data situation. Indicator building is merged with temporal disaggregation, which is often used by statistical offices. The discussed tools are applied in a case study for Abu Dhabi. Because the economy of Abu Dhabi is very dependent on oil, real income reflects the economic situation better than real gross domestic product (GDP). For this reason a measure of real gross domestic income (GDI) was chosen as reference series. Keywords: Business cycle indicators, temporal disaggregation, terms of trade, oilproducing countries JEL code: E01, E32, C22

JEL-codes: C22 E01 E32 (search for similar items in EconPapers)
Date: 2015
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