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
Br. Siringo Ringo, Jesica Nauli and Monika, Anugerah Karta
"Nowcasting Regional Economic Growth In Indonesia,"
Bulletin of Monetary Economics and Banking: Vol. 25:
3, Article 2.
Available at: https://bulletin.bmeb-bi.org/bmeb/vol25/iss3/2