Arbeitspapier
How many jobs? A leading indicator model of New Zealand employment
This paper constructs a composite index of leading indicators of New Zealand employment. The choice of variables and their weights in the composite index are determined by their concordance with employment. The composite index is included in an indicator model to forecast quarterly employment growth. The indicator model explains about 67 percent of the quarterly variation in employment, in sample, and correctly predicted the direction of next period employment almost 80 percent of the time, out of sample.
- Sprache
-
Englisch
- Erschienen in
-
Series: New Zealand Treasury Working Paper ; No. 02/13
- Klassifikation
-
Wirtschaft
Forecasting Models; Simulation Methods
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
- Thema
-
Composite index of leading indicators
forecasting
employment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Claus, Edda
Claus, Iris
- Ereignis
-
Veröffentlichung
- (wer)
-
New Zealand Government, The Treasury
- (wo)
-
Wellington
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Claus, Edda
- Claus, Iris
- New Zealand Government, The Treasury
Entstanden
- 2002
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