Work area(s):
The use of key indicators to assess Latin America’s long-term economic performance
- Author:
Author:
Garry, Stefanie -
Villarreal, Francisco G. - - Publication corporate author (Institutional author): NU. CEPAL. Subsede de México
- Physical Description: 33 páginas.
- Publisher: ECLAC
- UN Symbol (Signature): LC/MEX/L.1168
- Date: December 1, 2014
Description
Abstract:
Through the astute analysis of official statistics, we can gather a more complete picture of the economic performance of a given country, and understand more fully what have been its drivers, leading to a more effective use of national resources and a more efficient design of policy options. However, the myriad of information and numerical data across the system of macroeconomic statistics can be challenging to interpret in a straightforward manner. In order to synthetically assess economic performance across countries in Latin America we propose the use of a composite indicator, which builds upon the methodology of Khramov and Lee (2013) and incorporates key indicators from each of the pillars of macroeconomic statistics: the System of National Accounts, the Balance of Payments Statistics, Monetary and Financial Statistics and Public Finance Statistics. Through a composite examination of key statistical indicators in each country across their long-term trends, we can more fully understand the underlying macroeconomic dynamics.
Table of contents
- Abstract
- I. Introduction
- II. Key objectives of macroeconomic statistics and the relevant indicators for measuring performance
- III. The Latin American Performance Index (LAPI)
- IV. Examples of the application of the LAPI
- V. Conclusions and the future outlook.