Assessing the efficiency of the whole system of Local Government tiers – Regions, Provinces, Municipalities, other Local Government Organizations and Local Public Enterprises – allows for the system’s internal organization to play a role in the conventional measures of efficiency and...

This paper aims to introduce a nonlinear model to forecast macroeconomic time series using a large number of predictors. The technique used to summarize the predictors in a small number of variables is Principal Component Analysis (PC), while the method used to capture nonlinearity is artificial...

This paper proposes a new way of computing a coincident indicator for economic activity in France using data from business surveys. We use the generalized dynamic factor model à la Forni and others (2000) to extract common components from a large number of survey observations. The results...