Composite Leading Indicator (amplitude adjusted), OECD and 6 major non-member countries, [unknown]

2009 unpublished
JT03219544 Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format STD/DOC(2006)5 Unclassified English -Or. English STD/DOC(2006)5 2 OECD STATISTICS WORKING PAPER SERIES The OECD Statistics Working Paper Series -managed by the OECD Statistics Directorate -is designed to make available in a timely fashion and to a wider readership selected studies prepared by staff in the Secretariat or by outside consultants working on OECD
more » ... rking on OECD projects. The papers included are of a technical, methodological or statistical policy nature and relate to statistical work relevant to the organisation. The Working Papers are generally available only in their original language -English or French -with a summary in the other. Comments on the papers are welcome and should be communicated to the authors or to the OECD Statistics Directorate, 2 rue André Pascal, 75775 Paris Cedex 16, France. The opinions expressed in these papers are the sole responsibility of the authors and do not necessarily reflect those of the OECD or of the governments of its Member countries. http://www.oecd.org/std/research STD/DOC(2006)5 3 ABSTRACT The OECD developed a System of Composite Leading Indicators (CLIs) for its Member Countries in the early 1980's based on the "growth cycle" approach and up to 2006 the Organisation compiled composite leading indicators for 23 of the 30 Member countries. Country coverage has now been expanded to include recently new OECD member countries (Korea, New Zealand 1 , Czech Republic, Hungary, Poland and Slovak Republic) and the major six OECD non-member economies (Brazil, China, India, Indonesia, Russian Federation and South Africa) monitored by the organization in the OECD System of Composite Leading Indicators. The expansion of the OECD System of Composite Leading Indicators to include the new CLIs for the six recently new OECD member countries has implications for the calculation of the OECD total area and the OECD Europe area aggregates. In addition, the inclusion of the new CLIs for all of above twelve countries opens the possibility to calculate new area aggregates such as Major Asian economies, Eastern Europe including or excluding the Russian Federation and a World proxy to give information on the overall global development. The importance of such new regional or area aggregates is of course very much dependent on the existence of different cyclical patterns between these new aggregates and the established ones. However, the calculation of a World proxy aggregate is important in itself in so far that it will represent global development better than the OECD total area aggregate. 1 2 0 J a n -7 5 J a n -7 7 J a n -7 9 J a n -8 1 J a n -8 3 J a n -8 5 J a n -8 7 J a n -8 9 J a n -9 1 J a n -9 3 J a n -9 5 J a n -9 7 J a n -9 9 J a n -0 1 J a n -0 3 J a n -0 5 8 0 1 2 0 J a n -9 3 J a n -9 4 J a n -9 5 J a n -9 6 J a n -9 7 J a n -9 8 J a n -9 9 J a n -0 0 J a n -0 1 J a n -0 2 J a n -0 3 J a n -0 4 J a n -0 5 8 0 J a n -9 7 J a n -9 9 J a n -0 1 J a n -0 3 J a n -0 5 8 0 J a n -9 6 J a n -9 8 J a n -0 0 J a n -0 2 J a n -0 4 9 0 9 2 9 4 9 6 9 8 J a n -9 4 J a n -9 5 J a n -9 6 J a n -9 7 J a n -9 8 J a n -9 9 J a n -0 0 J a n -0 1 J a n -0 2 J a n -0 3 J a n -0 4 J a n -0 5 J a n -0 2 J a n -0 3 J a n -0 4 J a n -0 5 J a n -0 6 8 5 9 0 9 5 1 2 0 J a n -6 1 J a n -6 4 J a n -6 7 J a n -7 0 J a n -7 3 J a n -7 6 J a n -7 9 J a n -8 2 J a n -8 5 J a n -8 8 J a n -9 1 J a n -9 4 J a n -9 7 J a n -0 0 J a n -0 3 J a n -9 2 J a n -9 5 J a n -9 8 J a n -0 1 J a n -0 4 9 2 9 4 9 6 9 8 J a n -9 3 J a n -9 4 J a n -9 5 J a n -9 6 J a n -9 7 J a n -9 8 J a n -9 9 J a n -0 0 J a n -0 1 J a n -0 2 J a n -0 3 J a n -0 4 J a n -0 5 J a n -0 6 9 4 9 6 9 8
doi:10.1787/migr_outlook-2009-graphi_12-en fatcat:vhfibw7xbrf5rct4az7u4abjs4