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Report on the Comparison of the Hodrick-Prescott Filter and the Multivariate Direct Filter Approach in Composite Leading Indicators Construction - A case for G7 Countries
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging patterns across major economies.
Annual inflation in the OECD area rose by 2.3% in the year to October 2012, compared with 2.2% in year to September 2012. Energy prices accelerated to 5.4% in October, up from 5.1% in September while food prices remained broadly stable in October (to 2.2%, up from 2.1% in September). Excluding food and energy, the OECD annual inflation rate slightly increased to 1.7% in October.
The EUROSTAT-OECD Methodological manual on purchasing power parities has three aims: first, to explain to those engaged directly in the Programme; second, to enable these practitioners to brief their senior management and significant users - such as politicians, journalists, academics and the like - on the why and how of the Programme and, more importantly, to advise them on the use and interpretation of comparison results; and third,
Merchandise trade continued to slow in most major economies in the third quarter of 2012 compared to the second quarter of 2012.
Statistics Working Paper N. 48- 2012/4 - The paper reviews some national initiatives related to measuring the stock of human capital, indentifies some challenges to be addressed to improve the quality of existing monetary measures of human capital, and suggests developing experimental satellite accounts for education to better understand how human capital is produced and the linkages between education and its non-monetary outcomes.
Statistics Working Paper N. 47- 2012/3 - This Statistics Working Paper, uses data from the Gallup World Poll to explore the determinants of subjective well-being. The paper builds on the existing literature on the determinants of subjective well-being in three areas. First, the paper systematically examines the drivers of measures of affect as well as the determinants of life satisfaction that are more prevalent in the existing
Statistics Working Paper N. 45- 2012/2 - This Statistics Working Paper, based on a production-theoretic framework, measures the effects of real output prices, primary inputs, multi-factor productivity growth, and depreciation on Korea’s real net income growth over the past 30 years. The empirical analysis is based on a new dataset for Korea with detailed information on labour and capital inputs, including series on land and
Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area grew by 0.2% in the third quarter of 2012, the same rate as in the previous quarter, but with continuing diverging patterns across countries.
Diverging patterns of business start-up rates are emerging across OECD economies five years after the sharp, synchronized falls recorded at the beginning of the financial crisis.