Title

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

Publication Type

Journal Article

Publication Date

1993

Abstract

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.

Discipline

Asian Studies | Growth and Development

Research Areas

Macroeconomics

Publication

Asian Economic Journal

Volume

7

Issue

1

First Page

25

Last Page

34

ISSN

1351-3958

Identifier

10.1111/j.1467-8381.1993.tb00099.x

Publisher

Wiley

Additional URL

http://dx.doi.org/10.1111/j.1467-8381.1993.tb00099.x

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