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Modelling Survey Data for Economic and Social Research THE USE OF ECONOMIC CONDITIONS SURVEYS IN ECONOMIC ANALYSIS AND MODELLING

By Dominique Ladiray and Gian Luigi Mazzi

Abstract

Economic conditions surveys – opinion surveys of business leaders and consumers – have become an indispensable tool for current economic analysis in Europe. The survey results are available a few days after the reference period, well before the main quantitative economic indicators are published. They are used today in particular to assess the state of the economy (business climate indicator), forecast turning points (turning point indicator) and make quick estimates of the major macroeconomic indicators, such as gross domestic product and the industrial production index

Topics: economic conditions surveys, business climate indicator, turning point indicator, dynamic factor analysis, hidden
Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.195.3197
Provided by: CiteSeerX
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