NOWCASTING REGIONAL ECONOMIC GROWTH IN INDONESIA

  • Jesica Nauli Br. Siringo Ringo BPS Statistics
  • Anugerah Karta Monika Politeknik Statistika STIS
Keywords: Nowcasting DFM, MIDAS, GRDP

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.

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Published
2022-11-30
How to Cite
Ringo, J., & Monika, A. (2022). NOWCASTING REGIONAL ECONOMIC GROWTH IN INDONESIA. Buletin Ekonomi Moneter Dan Perbankan, 25(3), 291-322. https://doi.org/10.21098/bemp.v25i3.1815
Section
Articles