Nowcasting the Scottish economy

Grant Allan, Gary Koop, Stuart McIntyre, Paul Smith, Kevin Kane (Editor)

Research output: Contribution to journalArticle

Abstract

Given the significant lag between the end of a quarter and the release of Scottish GVA estimates, there are considerable advantages to be gained from improvements in short term forecasting or nowcasting. In addition, with the planned devolution of further economic powers to the Scottish Parliament, a better understanding of the nature and evolution of the Scottish economy is likely to be particularly valuable. In the coming months we will begin to release estimates of Scottish GVA using our nowcasting model, and we hope that this work will be of interest and use to readers of the Fraser Economic Commentary.
LanguageEnglish
Pages93-96
Number of pages3
JournalFraser of Allander Economic Commentary
Volume38
Issue number2
Publication statusPublished - 12 Nov 2014

Fingerprint

Nowcasting
Economics
Parliament
Devolution
Economic power
Lag
Short-term forecasting

Keywords

  • Scottish economic conditions
  • real time economics
  • Scottish economic indicators

Cite this

Allan, Grant ; Koop, Gary ; McIntyre, Stuart ; Smith, Paul ; Kane, Kevin (Editor). / Nowcasting the Scottish economy. In: Fraser of Allander Economic Commentary. 2014 ; Vol. 38, No. 2. pp. 93-96.
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Nowcasting the Scottish economy. / Allan, Grant; Koop, Gary; McIntyre, Stuart; Smith, Paul; Kane, Kevin (Editor).

In: Fraser of Allander Economic Commentary, Vol. 38, No. 2, 12.11.2014, p. 93-96.

Research output: Contribution to journalArticle

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