CaPRI economic indicator : a composite coincident indicator for economic activity in Jamaica
Date
2012
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Publisher
Caribbean Policy Research Institute (CaPRI), University of the West Indies Mona, Kingston, JM
Abstract
The statistical results demonstrate reasonable performance of the Caribbean Policy Research Institute (CaPRI) Economic Indicator for Jamaica in tracking changes in the state of the Jamaican economy. This report documents the development of a composite coincident indicator (composite index) from a subset of available indicators. It was necessary to construct a reference series that would provide information about the business cycle at an appropriate frequency. This was accomplished by taking quarterly GDP at constant (2007) basic prices and interpolating monthly values using quadratic-match averaging.
Description
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IDRC Final Report
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Keywords
POLICY INDICATORS, ECONOMIC MODELING, CARIBBEAN, JAMAICA, ECONOMIC GROWTH, POLICY MAKING, INVESTMENT, MATHEMATICAL MODELS, STATISTICS, INDICATORS, WEST INDIES, INDICES