Bank of Israel research derives growth estimate from survey data

bank-of-israel
The Bank of Israel

Israeli researchers have developed a new means of estimating GDP growth using information contained within surveys of sentiment among firms.

Tanya Suhoy of the Bank of Israel and Daniel Roash from the Israeli statistics authority find a link between sentiment contained in answers to the Business Tendency Survey and GDP growth.

In their paper, the researchers propose a “sentiment index” based on a partial least squares regression. This allows them to focus on variables drawn from the survey

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: