A world trade leading index (WLTI) - Archive ouverte HAL
Article Dans Une Revue Economics Letters Année : 2016

A world trade leading index (WLTI)

Laurent Ferrara
Olivier Darné
Karim Barhoumi
  • Fonction : Auteur

Résumé

This paper develops a new monthly World Trade Leading Indicator (WTLI) that relies on a dynamic factor model estimated on set of leading indicators of world trade activity. Compared to the CPB World Trade Monitor’s benchmark indicator for global trade the WTLI captures turning points in global trade with an average lead between 2 and 3 months. This new tool can provide policy makers with valuable foresight into the future direction of economic activity by tracking world trade more efficiently.

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Dates et versions

hal-01635948 , version 1 (16-11-2017)

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  • HAL Id : hal-01635948 , version 1

Citer

Laurent Ferrara, Olivier Darné, Karim Barhoumi. A world trade leading index (WLTI). Economics Letters, 2016, 146, pp.111-115. ⟨hal-01635948⟩
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