ITER: A Quarterly Indicator of Regional Economic Activity in Italy

Autor: Francesco Montaruli, Tiziano Ropele, Andrea Filippone, Libero Monteforte, Valter Di Giacinto
Rok vydání: 2019
Předmět:
Zdroj: SSRN Electronic Journal.
ISSN: 1556-5068
Popis: This work documents the construction of the new quarterly indicator of regional economic activity (Indicatore Trimestrale dell’Economia Regionale – ITER), which uses a parsimonious set of regional variables and combines them by means of temporal disaggregation techniques to obtain a quarterly index that is consistent with the official data on national and regional GDP and marked by a small lag compared with the reference period. The methodology was implemented to produce quarterly indicators for the economies of Italy’s four macro-areas in the period 1995-2017. With a view to assessing the performance of the quarterly indicator, a forecasting exercise was conducted regarding annual GDP growth in the four macro-areas for the period 2014-17. The forecasting performance of ITER is in line with that of the indicators developed by other national research institutions.
Databáze: OpenAIRE