Business Cycles in BRICS by Sergey Smirnov & Ataman Ozyildirim & Paulo Picchetti

Author:Sergey Smirnov & Ataman Ozyildirim & Paulo Picchetti
Language: eng
Format: epub
ISBN: 9783319900179
Publisher: Springer International Publishing

Estimation

Data transformation

Net percentage

n/a

Per cent per answering category

Per cent per answering category

Percentage increase

Aggregation

A business expectation index (BEI) is calculated as the weighted average net percentage of nine questions, namely, the overall business situation, production, order books, inventory of raw materials, inventory of finished goods, profit margin, employment, exports and capacity utilisation

A business confidence index (BCI) is calculated as the weighted average of the positive responses (scaled to the base year) regarding overall economic conditions in 6 months’ time, the financial position of the firm in 6 months’ time, the present investment climate and the current level of operation of the firm relative to its optimal level

A current situation index (CSI) and an expected index (EI) are calculated as a weighted percentage of the firm, industry and the economy’s estimated/expected performance. A business confidence index (BCI) is calculated as a weighted CSI and EI

Like the CII, the FICCI calculates a current condition index, expectation index and a business conditions index; information on the calculation method is not publicly available

A composite business optimism index is calculated as the weighted percentage of five questions (the inventory one is excluded) expressed relative to the base year of 2011

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