Accuracy of Growth Forecasts for Transition Countries: Assessing Ten Years of Ebrd Forecasting
EBRD Working Paper No. 96
Posted: 24 Apr 2006
Date Written: October 2005
Abstract
This paper analyzes the accuracy of GDP growth forecasts prepared by the EBRD for 25 transition countries between 1994 and 2004. It finds that EBRD forecasts are mostly unbiased and efficient, and that forecast accuracy has improved as transition has progressed and as the range of data sources have expanded.
Keywords: forecasting, GDP growth, bias and efficiency, transition, EBRD
JEL Classification: C53, D8, E37, P2
Suggested Citation: Suggested Citation
Krkoska, Libor and Teksöz, Utku, Accuracy of Growth Forecasts for Transition Countries: Assessing Ten Years of Ebrd Forecasting (October 2005). EBRD Working Paper No. 96, Available at SSRN: https://ssrn.com/abstract=898560
Libor Krkoska (Contact Author)
European Bank for Reconstruction and Development (EBRD) ( email )
One Exchange Square
London, EC2A 2EH
United Kingdom
Utku Teksöz
European Bank for Reconstruction and Development
One Exchange Square
London, EC2A 2JN
United Kingdom
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