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NOWCASTING REGIONAL ECONOMIC GROWTH IN INDONESIA

Abstract
This study aims to nowcast gross regional domestic product at the provincial level for Indonesia. The dynamic factor model and mixed data sampling were applied to three sets of variables; namely macroeconomic financial and Google Trends. We find that both methods captured several economic expansions and contractions including the recent downturn during the COVID-19 pandemic. By including the pandemic period accuracy across the same set of variables and provinces was slightly reduced.
Authors
Jesica Nauli Br. Siringo Ringo and Anugerah Karta Monika Jesica Nauli Br. Siringo Ringo: BPS Statistics Indonesia Anugerah Karta Monika: Politeknik Statistika STIS Jakarta Indonesia
Keywords
Nowcasting DFM ; MIDAS ; GRDP (search for similar items in EconPapers)
Rank
0.22
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Factor Model
Series
Bulletin of Monetary Economics and Banking 2022 vol. 25 issue 3 291-322
Time Added
2024/03/11 03:46
Total Downloads
5
Year Published
2022
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