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Measuring Quarterly Economic Growth From Outer Space
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Book Synopsis Measuring Quarterly Economic Growth from Outer Space by : Robert C. M. Beyer
Download or read book Measuring Quarterly Economic Growth from Outer Space written by Robert C. M. Beyer and published by International Monetary Fund. This book was released on 2022-06-03 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for emerging markets and developing economies, ranging from 1.36 to 1.81 across country groups and robust to different model specifications. The paper uses a light-adjusted measure of quarterly economic activity to show that higher levels of development, statistical capacity, and voice and accountability are associated with more precise national accounts data. The elasticity allows quantification of subnational economic impacts. During the COVID-19 pandemic, regions with higher levels of development and population density experienced larger declines in economic activity.
Book Synopsis Illuminating Economic Growth by : Yingyao Hu
Download or read book Illuminating Economic Growth written by Yingyao Hu and published by International Monetary Fund. This book was released on 2019-04-09 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to illuminate the uncertainty in official GDP per capita measures using auxiliary data. Using satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in which the error in official GDP per capita may depend on the country’s statistical capacity and the relationship between nighttime lights and true GDP per capita can be nonlinear and vary with geographic location. This paper uses recently developed results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP per capita and the nonparametric distribution of errors in official GDP per capita data. We then construct more precise and robust measures of GDP per capita using nighttime lights, official national accounts data, statistical capacity, and geographic locations. We find that GDP per capita measures are less precise for middle and low income countries and nighttime lights can play a bigger role in improving such measures.
Book Synopsis The Backbone of History by : Richard H. Steckel
Download or read book The Backbone of History written by Richard H. Steckel and published by Cambridge University Press. This book was released on 2002-08-26 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Book Synopsis Alternative Economic Indicators by : C. James Hueng
Download or read book Alternative Economic Indicators written by C. James Hueng and published by W.E. Upjohn Institute. This book was released on 2020-09-08 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.
Book Synopsis Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable by : Omer Faruk Akbal
Download or read book Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable written by Omer Faruk Akbal and published by International Monetary Fund. This book was released on 2023-08-04 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quarterly GDP statistics facilitate timely economic assessment, but the availability of such data are limited for more than 60 developing economies, including about 20 countries in sub-Saharan Africa as well as more than two-thirds of fragile and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes a statistical relationship estimated from countries where data are available, to estimate quarterly GDP statistics for countries that do not publish such statistics by leveraging the indicators readily available for many countries. This framework demonstrates potential, especially when applied for similar country groups, and could provide valuable real-time insights into economic conditions supported by empirical evidence.
Book Synopsis Unveiling the Informal Economy: An Augmented Factor Model Approach by : Jiaxiong Yao
Download or read book Unveiling the Informal Economy: An Augmented Factor Model Approach written by Jiaxiong Yao and published by International Monetary Fund. This book was released on 2024-05-31 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a new approach to estimating the degree of informality in an economy. It combines direct yet infrequent measures of the informal economy in micro data with an augmented factor model that links macro indicators of the informal economy to its causes. We show that the prevailing model used in the literature, the multiple indicators multiple causes model, is a special case of the augmented factor model and depicts an incomplete picture of the informal economy. Using the augmented factor model approach, we show that the dynamics of the informal economy is shaped by the strength of overall economic activity as well as the interplay between the formal and informal economies. Contrary to previous work that typically finds declining informality for most countries, we find that the degree of informality has increased for low-income countries for the past two decades.
Book Synopsis Measuring the Real Size of the World's Economy by : World Bank
Download or read book Measuring the Real Size of the World's Economy written by World Bank and published by World Bank Publications. This book was released on 2013 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This work is a product of the staff of The World Bank with external contributions"--T.p. verso.
Book Synopsis Artificial Intelligence and Green Computing by : Najlae Idrissi
Download or read book Artificial Intelligence and Green Computing written by Najlae Idrissi and published by Springer Nature. This book was released on 2023-11-03 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this book is to explore the synergy between cutting-edge AI technologies and environmentally conscious practices through collecting best selected research papers presented at the International Conference on Artificial Intelligence and Green Computing (ICAIGC 2023), which took place from March 15 to 17, 2023, in Beni Mellal, Morocco. Within the pages of this book, readers find a wealth of research findings, survey works, and practical experiences aimed at fostering a comprehensive understanding of the pivotal role AI plays in various fields, including agriculture, health care, IT, and more. It highlights both the opportunities presented by the widespread usage of AI and the challenges associated with its continued advancement. As a result, the book has been divided into three parts: 1)- AI for multimedia processing, 2)- AI for distributed computing, and 3)- AI applications. The book serves as a comprehensive resource that brings together on-going research and practical experiences from the ICAIGC 2023 conference. It strives to deepen the understanding of the essential role AI plays in multiple fields. Whether you are an AI enthusiast, researcher, or practitioner, the insights contained within these pages expand your horizons and inspire further exploration of AI's potential in shaping a greener and more technologically advanced future.
Book Synopsis International Macroeconomics in the Wake of the Global Financial Crisis by : Laurent Ferrara
Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Book Synopsis The Geography of Economic Development by : Jeffrey Sachs
Download or read book The Geography of Economic Development written by Jeffrey Sachs and published by . This book was released on 2000 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Economic Welfare: What and How? by : Mr.Marshall B Reinsdorf
Download or read book Measuring Economic Welfare: What and How? written by Mr.Marshall B Reinsdorf and published by International Monetary Fund. This book was released on 2020-05-18 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement agenda. This paper argues that economic welfare is a narrower concept than well-being. The new focus implies a need to prioritize filling data gaps involving the economic welfare indicators of the System of National Accounts 2008 (SNA) and improving their quality, including the quality of the consumption price indexes. Development of distributional indicators of income, consumption, and wealth should also be a priority. Definitions and assumptions can have big effects on these indicators and should be documented. Concerns have also arisen over potentially overlooked welfare growth from the emergence of the digital economy. However, the concern that free online platforms are missing from nominal GDP is incorrect. Also, many of the welfare effects of digitalization require complementary indicators, either because they are conceptually outside the boundary of GDP or impossible to quantify without making uncertain assumptions.
Book Synopsis The Impact of the IMF’s COVID-19 Support to Developing and Emerging Economies by : Sumin Chun
Download or read book The Impact of the IMF’s COVID-19 Support to Developing and Emerging Economies written by Sumin Chun and published by International Monetary Fund. This book was released on 2022-12-16 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a high-frequency dataset that combines information on all IMF lending and proxies of monthly economic activity during the first two years of the COVID-19 pandemic (2020–21). Using this novel dataset and standard econometric techniques we find a positive and significant marginal effect of IMF financing on economic activity in low-income countries (LICs) and emerging market economies. We also present tentative evidence that IMF financing may have helped economic outcomes by easing fiscal budget constraints, allowing for larger government spending in response to the pandemic. Overall, this evidence suggests that IMF financing helped lessen the negative impacts of the pandemic on economic activity, especially in LICs.
Book Synopsis How Does Political Instability Affect Economic Growth? by : Mr.Ari Aisen
Download or read book How Does Political Instability Affect Economic Growth? written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Book Synopsis How External Factors Affect Domestic Economy by : Mr.Serhat Solmaz
Download or read book How External Factors Affect Domestic Economy written by Mr.Serhat Solmaz and published by International Monetary Fund. This book was released on 2015-12-23 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: External headwinds, together with domestic vulnerabilities, have loomed over the prospects of emerging markets in recent years. We propose an empirical toolbox to quantify the impact of external macro-financial shocks on domestic economies in parsimonious way. Our model is a Bayesian VAR consisting of two blocks representing home and foreign factors, which is particularly useful for small open economies. By exploiting the mixed-frequency nature of the model, we show how the toolbox can be used for “nowcasting” the output growth. The conditional forecast results illustrate that regular updates of external information, as well as domestic leading indicators, would significantly enhance the accuracy of forecasts. Moreover, the analysis of variance decompositions shows that external shocks are important drivers of the domestic business cycle.
Book Synopsis Quarterly National Accounts Manual by : Mr.Adriaan M. Bloem
Download or read book Quarterly National Accounts Manual written by Mr.Adriaan M. Bloem and published by International Monetary Fund. This book was released on 2001-05-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Manual provides guidance to compilers of national accounts on the concepts, data sources, and compilation methods required for development of a system of quarterly national accounts. More and more countries are recognizing that quarterly national accounts are an essential tool for management and analysis of their economy. The Manual is intended particularly for compilers who already have a knowledge of annual national accounting concepts and methods, and provides techniques for the development of a consistent time series of annual and quarterly accounts. It serves as acomplement to the System of National Accounts 1993, which has only a limited discussion of quarterly accounts, and will also prove useful as a tool for sophisticated users of quarterly national accounts.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1513516175 Total Pages :208 pages Book Rating :4.5/5 (135 download)
Book Synopsis World Economic Outlook, October 2019 by : International Monetary Fund. Research Dept.
Download or read book World Economic Outlook, October 2019 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2019-10-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Book Synopsis Mobile Big Data by : Georgios Skourletopoulos
Download or read book Mobile Big Data written by Georgios Skourletopoulos and published by Springer. This book was released on 2017-10-31 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reports on the latest advances in mobile technologies for collecting, storing and processing mobile big data in connection with wireless communications. It presents novel approaches and applications in which mobile big data is being applied from an engineering standpoint and addresses future theoretical and practical challenges related to the big data field from a mobility perspective. Further, it provides an overview of new methodologies designed to take mobile big data to the Cloud, enable the processing of real-time streaming events on-the-move and enhance the integration of resource availability through the ‘Anywhere, Anything, Anytime’ paradigm. By providing both academia and industry researchers and professionals with a timely snapshot of emerging mobile big data-centric systems and highlighting related pitfalls, as well as potential solutions, the book fills an important gap in the literature and fosters the further development in the area of mobile technologies for exploiting mobile big data.
