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来源类型Working Paper
规范类型报告
DOI10.3386/w25778
来源IDWorking Paper 25778
Measuring Global Economic Activity
James D. Hamilton
发表日期2019-04-29
出版年2019
语种英语
摘要A number of economic studies have used a proxy for world real economic activity derived from shipping costs. This measure turns out to depend on a normalization that has substantive consequences of which users of the index had been unaware prior to this paper. This paper further evaluates this and alternative measures in terms of treatment of trends, coherence with world output, and ability to predict commodity prices. I conclude that measures derived from world industrial production offer a better indicator of global real economic activity.
主题Macroeconomics ; Environmental and Resource Economics
URLhttps://www.nber.org/papers/w25778
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583452
推荐引用方式
GB/T 7714
James D. Hamilton. Measuring Global Economic Activity. 2019.
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