EconPapers    
Economics at your fingertips  
 

How many jobs? A leading indicator model of New Zealand employment

Edda Claus () and Iris Claus ()

No 02/13, Treasury Working Paper Series from New Zealand Treasury

Abstract: This paper constructs a composite index of leading indicators of New Zealand employment. The choice of variables and their weights in the composite index are determined by their concordance with employment. The composite index is included in an indicator model to forecast quarterly employment growth. The indicator model explains about 67 percent of the quarterly variation in employment, in sample, and correctly predicted the direction of next period employment almost 80 percent of the time, out of sample.

Keywords: Composite index of leading indicators; forecasting; employment (search for similar items in EconPapers)
JEL-codes: C53 E37 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2002-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
https://treasury.govt.nz/sites/default/files/2007-09/twp02-13.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:nzt:nztwps:02/13

Access Statistics for this paper

More papers in Treasury Working Paper Series from New Zealand Treasury New Zealand Treasury, PO Box 3724, Wellington, New Zealand. Contact information at EDIRC.
Bibliographic data for series maintained by CSS Web and Publishing, The Treasury ().

 
Page updated 2020-10-24
Handle: RePEc:nzt:nztwps:02/13