Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data

S. V. S. Dixit and Maxwell Opoku-Afari

No 2012/119, IMF Working Papers from International Monetary Fund

Abstract: This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of the direction of economic activity; and (ii) as a useful input in analyzing contemporaneous real sector performance in LICs in the absence of high-frequency, and often outdated, GDP data. It could also serve as a useful tool for policymakers to gauge short-term dynamics of economic activity and shape appropriate and timely policy responses.

Keywords: WP; CIEA Index; Short-Term Dynamics; Economic Activity; GDP; CIEA series; GDP estimate; high-frequency GDP; interpolated GDP; Cyclical indicators; Business cycles; Value-added tax; Inflation; Global (search for similar items in EconPapers)
Pages: 20
Date: 2012-05-01
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Citations: View citations in EconPapers (1)

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