Nowcasting Regional Economic Growth In Indonesia

Authors

Jesica Nauli Br. Siringo Ringo, BPS Statistics, IndonesiaFollow
Anugerah Karta Monika, Politeknik Statistika STIS, IndonesiaFollow

Document Type

Article

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

Recommended Citation

Br. Siringo Ringo, Jesica Nauli and Monika, Anugerah Karta (2022) "Nowcasting Regional Economic Growth In Indonesia," Bulletin of Monetary Economics and Banking: Vol. 25: No. 3, Article 2.
DOI: https://doi.org/10.21098/bemp.v25i3.1815
Available at: https://bulletin.bmeb-bi.org/bmeb/vol25/iss3/2

First Page

291

Last Page

322

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Indonesia

Affiliation

BPS Statistics