Nowcasting of Economic Development Indicators Using the NBU’s Business Survey Results

Roman Lysenko () and Nataliia Kolesnichenko ()
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Roman Lysenko: National Bank of Ukraine
Nataliia Kolesnichenko: National Bank of Ukraine

Visnyk of the National Bank of Ukraine, 2016, issue 235, 43-56

Abstract: The article was devoted to the research of possibilities to use Business Outlook Survey results, which are carried out by National Bank of Ukraine, for the short-term forecasting of economic development, in particular, the Gross Domestic Product of Ukraine. The different methods of building of the leading index of economic development, their advantages, and their restrictions are examined. The choice of the best index, which provides for the higher accuracy of forecasting the GDP, is carried out with the use of econometric models.

Keywords: Business expectations; business outlook survey; GDP; nowcasting (search for similar items in EconPapers)
JEL-codes: E30 E40 E50 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ukb:journl:y:2016:i:235:p:43-56

DOI: 10.26531/vnbu2016.235.043

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