Performance of the Official Composite Leading Index for Monitoring the Singapore Economy
This paper attempts to evaluate the performance of an official composite leading index (CLI) which is used for economic forecasting in Singapore. To examine whether the CU or its component leading indicators presage activity over the business cycle, we use bivariate time series techniques. Crossamla...
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1993
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sg-smu-ink.soe_research-14872010-09-23T05:48:03Z Performance of the Official Composite Leading Index for Monitoring the Singapore Economy Chow, Hwee Kwan This paper attempts to evaluate the performance of an official composite leading index (CLI) which is used for economic forecasting in Singapore. To examine whether the CU or its component leading indicators presage activity over the business cycle, we use bivariate time series techniques. Crossamlation functions are estimated to determine the strength of leadlag relationships between the leading indicators and the Gross Domestic Product (GDP). The predictive ability of the CLI is also assessed by its contribution towards time series model forewts of the economy. 1993-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soe_research/488 info:doi/10.1111/j.1467-8381.1993.tb00099.x Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Asian Studies Growth and Development |
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Singapore Singapore |
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English |
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Asian Studies Growth and Development |
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Asian Studies Growth and Development Chow, Hwee Kwan Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| description |
This paper attempts to evaluate the performance of an official composite leading index (CLI) which is used for economic forecasting in Singapore. To examine whether the CU or its component leading indicators presage activity over the business cycle, we use bivariate time series techniques. Crossamlation functions are estimated to determine the strength of leadlag relationships between the leading indicators and the Gross Domestic Product (GDP). The predictive ability of the CLI is also assessed by its contribution towards time series model forewts of the economy. |
| format |
text |
| author |
Chow, Hwee Kwan |
| author_facet |
Chow, Hwee Kwan |
| author_sort |
Chow, Hwee Kwan |
| title |
Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| title_short |
Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| title_full |
Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| title_fullStr |
Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| title_full_unstemmed |
Performance of the Official Composite Leading Index for Monitoring the Singapore Economy |
| title_sort |
performance of the official composite leading index for monitoring the singapore economy |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1993 |
| url |
https://ink.library.smu.edu.sg/soe_research/488 |
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1770569188431101952 |