The Merits of Employment and Industrial Production as Economic Indicators
Benjamin C. Anderson
Dr. David Gillette, Faculty Mentor
Developing reliable economic indicators is an important branch of applied economics, particularly with respect to the identification and forecasting of business cycles, and for effective policy guidance. This research analyzes the relationship between GDP and two important economic indicators, industrial production and unemployment, during the most recent recession as well as past business cycles. It also analyzes the economic and statistical characteristics of these two indicators for their appropriateness as tools for both businesses and policy-makers.
Keywords: Economics, Macroeconomics, Business Cycles, Recession, Indicators, Employment, Industrial Production, Applied Economics
Topic(s):Economics
Business Administration
Presentation Type: Oral Paper
Session: 2-3
Location: VH 1000
Time: 8:30