The use of key indicators to assess Latin America’s long-term economic performance

1 Dic 2014 | Publicación

The use of key indicators to assess Latin America’s long-term economic performance

  • Tipo de publicación: Estudios y Perspectivas – Sede Subregional de la CEPAL en México
  • Autor: Garry, Stefanie; Villarreal, Francisco G.
  • Autor corporativo de la publicación (Autor institucional): NU. CEPAL. Subsede de México
  • Descripción física: 33 páginas.
  • Editorial: ECLAC
  • Símbolo ONU (Firma): LC/MEX/L.1168
  • Fecha: 1 de Diciembre de 2014
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Resumen

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.

Índice

  • 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.

Sede(s) subregional(es) y oficina(s)

Subregional Headquarters, Mexico