Timely Indices for Residential Construction Sector

none2noWe propose search engine query data-based indices for the Italian residential construction production. On-line data management tools and filters are described and a cointegrated vector autoregressive model is estimated in order to establish statistical significant relationships between Internet indicators and target series by official agencies. The proposed methodology can therefore fill the temporal gap in released publications and provides timelier indices for current unobserved trend-cycle dynamics.mixedAttilio Gardini; Enrico FoscoloAttilio Gardini; Enrico Foscol