ITER: A Quarterly Indicator of Regional Economic Activity in Italy

Valter Di Giacinto, Libero Monteforte, Andrea Filippone (), Francesco Montaruli () and Tiziano Ropele
Additional contact information
Andrea Filippone: Banca d’Italia, Ancona Branch
Francesco Montaruli: Banca d’Italia, Rome Branch

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, No 0, 19 pages

Abstract: Abstract This work documents the construction of the new quarterly indicator of regional economic activity (Indicatore Trimestrale dell’Economia Regionale—ITER), which uses a parsimonious set of regional variables and combines them by means of temporal disaggregation techniques to obtain a quarterly index that is consistent with the official data on national and regional GDP and marked by a small lag compared with the reference period. The methodology was implemented to produce quarterly indicators for the economies of Italy’s four macro-areas in the period 1995–2017. With a view to assessing the performance of the quarterly indicator, a forecasting exercise was conducted regarding annual GDP growth in the four macro-areas for the period 2014–17. The forecasting performance of ITER is in line with that of the indicators developed by other national research institutions.

Keywords: Temporal disaggregation of time series; Regional economies benchmarking and extrapolation; Real time estimates (search for similar items in EconPapers)
JEL-codes: C22 C61 C82 (search for similar items in EconPapers)
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Related works:
Journal Article: ITER: A Quarterly Indicator of Regional Economic Activity in Italy (2021)
Working Paper: ITER A quarterly indicator of regional economic activity in Italy (2019)
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DOI: 10.1007/s40797-020-00131-2

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