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Forecasting Portuguese GDP with factor models

Maximiano Pinheiro
Francisco Craveiro Dias
Publication Year 
In this article, we assess the relative performance of factor models to forecast GDP growth in Portugal. A large dataset is compiled for the Portuguese economy and its usefulness for nowcasting and short-term forecasting is investigated. Since, in practice, one has to cope with different publication lags and unbalanced data, we also address the real-time performance of such models.
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Journal (repec) 
Economic Bulletin