A review of leading composite indicators: making a case for their use in Caribbean economies

Gladys Cotrie, Roland Craigwell and Alain Maurin

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, three issues relating to leading composite indicators (LCI) are discussed: their importance, methods of estimation and uses by institutions worldwide. This discussion is utilised to provide lessons that could be learnt for the application of these indicators to the countries of the Caribbean. The principal message of this material is that in this geographical area, LCI would be important tools for economic decision makers to employ to forecast the future state of the economy. This option should be pursued vigorously by putting the necessary resources into developing the high frequency real sector data that is required for a successful application of the LCI methodology.

Keywords: Business cycles; Leading indicators (search for similar items in EconPapers)
JEL-codes: E32 E6 O1 (search for similar items in EconPapers)
Date: 2009, Revised 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Applied Econometrics and International Development 2.9(2009): pp. 145-161

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/33390/1/MPRA_paper_33390.pdf original version (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:pra:mprapa:33390

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().