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Performance of the Official Composite Leading Index in Monitoring the Singapore Economy

Asian Economic Journal, ISSN: 1467-8381, Vol: 7, Issue: 1, Page: 25-34
1993
  • 2
    Citations
  • 37
    Usage
  • 0
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    2
    • Citation Indexes
      1
      • CrossRef
        1
    • Policy Citations
      1
      • 1
  • Usage
    37

Article 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. Copyright © 1993, Wiley Blackwell. All rights reserved

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