Nowcasting real GDP growth: Comparison between new and old EU countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F20%3A00523930" target="_blank" >RIV/67985556:_____/20:00523930 - isvavai.cz</a>
Result on the web
<a href="https://ideas.repec.org/p/fau/wpaper/wp2020_05.html" target="_blank" >https://ideas.repec.org/p/fau/wpaper/wp2020_05.html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00128775.2020.1726185" target="_blank" >10.1080/00128775.2020.1726185</a>
Alternative languages
Result language
angličtina
Original language name
Nowcasting real GDP growth: Comparison between new and old EU countries
Original language description
We analyze performance of a broad range of nowcasting and short-term forecasting models for a representative set of 6 new and 12 old European Union (EU) countries that are characterized by substantial differences in aggregate output variability. In our analysis we generate ex-post out-of-sample nowcasts and forecasts based on hard and soft indicators that come from a comparable set of identical data. We show that nowcasting works well for new EU countries because despite that variability of their GDP growth data is larger than that of the old EU economies, the economic significance of nowcasting is on average somewhat larger.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Eastern European Economics
ISSN
0012-8775
e-ISSN
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Volume of the periodical
58
Issue of the periodical within the volume
3
Country of publishing house
US - UNITED STATES
Number of pages
24
Pages from-to
197-220
UT code for WoS article
000514875700001
EID of the result in the Scopus database
2-s2.0-85079755980