Nonlinear optimisation approach to proposing novel Croatian Industrial Confidence Indicator

1. Ahmedl, M. I., Cassou, S. P. (2016). Does consumer confidence affect durable goods spending during bad and good economic times equally? Journal of Macroeconomics, Vol. 50, pp. 86-97.10.1016/j.jmacro.2016.08.008Search in Google Scholar

2. Akhtar, S., Faff, R., Oliver, B., Subrahmanyam, A. (2011). The power of bad: the negativity bias in Australian consumer sentiment announcements on stock returns. Journal of Banking and Finance, No. 35, pp. 1239-1249.10.1016/j.jbankfin.2010.10.014Search in Google Scholar

3. Aydogan, B. (2017). Sentiment dynamics and volatility of international stock markets. Eurasian Business Review, Vol. 7, No. 3, pp. 407-419.10.1007/s40821-016-0063-3Search in Google Scholar

4. Bathia, D., Bredin, D., Nitzsche, D. (2016). International Sentiment Spillovers in Equity Returns. International Journal of Finance & Economics, Vol. 21, No. 4, pp. 332-359.10.1002/ijfe.1549Search in Google Scholar

5. Biaowolski, P. (2016). The influence of negative response style on survey-based household inflation expectations. Quality & Quantity, Vol. 50, No. 2, pp. 509-528.10.1007/s11135-015-0161-9474801626900181Search in Google Scholar

6. Brodeur, A. (2018). The Effect of Terrorism on Employment and Consumer Sentiment: Evidence from Successful and Failed Terror Attacks. American Economic Journal – Applied Economics. Vol. 10, No. 4, pp. 246-282.10.1257/app.20160556Search in Google Scholar

7. Čižmešija, M., Bahovec, V. (2009). Forecasting the direction of changes in Croatia's industrial production with ICI and CROLEI. Revista InvestigaciÓn Operacional, Vol. 30, No. 2, pp. 140-148.Search in Google Scholar

8. Čižmešija, M., Orlović, Z. (2018). Consumer Confidence Indicator as a Leading Indicator of Changes in Retail Trade Turnover. Ekonomski pregled, Vol. 69, No. 1, pp. 3-19.10.32910/ep.69.1.1Search in Google Scholar

9. Čižmešija, M., Sorić, P. (2010). Assessing Croatian GDP components via Economic Sentiment Indicator. Ekonomska istraživanja, Vol. 23, No. 4, pp. 1-10.10.1080/1331677X.2010.11517429Search in Google Scholar

10. Čižmešija, M., Copak, M., Kurnoga Živadinović, N. (2011). Industrial Confidence Indicator and Manufacturing Industry in the EURO Area, Proceedings of the 11^th International Symposium on Operational Research SOR '11. Zadnik Stirn, L., Žerovnik, J., Povh, J., Drobne, S., Lisec, A. (editors), Ljubljana: Slovenian Society Informatika, Section for Operational Research, pp. 221-226.Search in Google Scholar

11. Cristiansen, C., Eriksen, J. N., Moller, S. V. (2014). Forecasting US Recessions: The Role of Sentiments. Journal of Banking & Finance, No. 49, pp. 459-468.10.1016/j.jbankfin.2014.06.017Search in Google Scholar

12. Eickmeier, S., Ng, T. (2011). Forecasting national activity using lots of international predictors: An application to New Zealand. International Journal of Forecasting, Vol. 27, No. 2, pp. 496-511.10.1016/j.ijforecast.2009.10.011Search in Google Scholar

13. Erjavec, N., Lolić, I., Sorić, P. (2015). How (i)rrational are we? A case of Croatian inflation. Croatian Operational Research Review, Vol. 6, No. 1, pp. 241-253.10.17535/crorr.2015.0019Search in Google Scholar

14. European Commission (2019). A user guide to the Joint Harmonised EU Programme of Business and Consumer Surveys. Available at https://ec.europa.eu/info/business-economy-euro/indicators-statistics [19 June 2019].Search in Google Scholar

15. Guntner, J. H. F., Linsbauer, K. (2018). The Effects of Oil Supply and Demand Shocks on US Consumer Sentiment. Journal of Money Credit and Banking, Vol. 50, No. 7, pp. 1617-1644.10.1111/jmcb.12512Search in Google Scholar

16. Horvath, R. (2012). Do Confidence Indicators Help Predict Economic Activity? The Case of the Czech Republic. Finance a Uver_Czech Journal of Economics and Finance, Vol. 62, No. 5, pp. 398-412.Search in Google Scholar

17. Howrey, E. P. (2001). The Predictive Power of the Index of Consumer Sentiment. Brookings Papers on Economic Activity, No. 1, pp. 175-207.10.1353/eca.2001.0010Search in Google Scholar

18. Hsu C. C., Lin H. Y., Wu J. Y. (2011). Consumer Confidence and Stock Markets: The Panel Causality Evidence. International Journal of Economics and Finance, Vol. 3, No. 6, pp. 435-480.10.5539/ijef.v3n6p91Search in Google Scholar

19. Janson, W. J., Nahuis, N. J. (2003). The Stock Market and Consumer Confidence: European Evidence. Available at http://www.technicalanalysis.org.uk/sentiment/JaNa02.pdf [05 October 2019].Search in Google Scholar

20. Kłopocka, A. M. (2017). Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland, Social Indicators Research, 133(2), pp. 693-717.10.1007/s11205-016-1376-4Search in Google Scholar

21. Largent, Y. M. (2017). The Deficit and Public Debt Dynamics in bad and good Times. Revue Economique, Vol. 68, No. 4, pp. 571-594.10.3917/reco.684.0571Search in Google Scholar

22. Lolić, I., Sorić, P., Čizmesija, M. (2017). Personal Finances vs. the Overall Economic Conditions: What Drives the New EU Member States' Stock Markets? Comparative Economic Research – Central and Eastern Europe, Vol. 20, No. 4, pp. 125-142.10.1515/cer-2017-0031Search in Google Scholar

23. Mazurek, J., Mielcova, E. (2017). Is Consumer Confidence Index a suitable predictor of future economic growth? An evidence from the USA. E&M Ekonomie a Mnagement, Vol. 20, No. 2, pp. 30-45.10.15240/tul/001/2017-2-003Search in Google Scholar

24. Osterholm, P. (2014). Survey data and short-term forecasts of Swedish GDP growth. Applied Economics Letters, Vol. 21, No. 2, pp. 135-139.10.1080/13504851.2013.844317Search in Google Scholar

25. Piccoli, P., Costa, N.C.A., da Silva, W.V., Cruz, J.A. W. (2018). Investor sentiment and the risk-return tradeoff in the Brazilian market. Accounting and Finance, Vol. 58, No. 1, pp. 599-618.10.1111/acfi.12342Search in Google Scholar

26. Shayaa, S., Ainin, S., Jaafar, N. I., Zakaria, S. B., Phoong, S. W, Yeong, W. C., Al-Garadi, M.A., Muhammad, A., Piprani, A. Z. (2018). Linking consumer confidence index and social media sentiment analysis. Cogent Business & Management, Vol. 5, No. 1, pp. 1-12.10.1080/23311975.2018.1509424Search in Google Scholar

27. Sorić, P. (2013). Assessing the sensitivity of consumption expenditure to inflation sentiment in post-communist economies. Post-Communist Economies, Vol. 25, No. 4, pp. 529-538.10.1080/14631377.2013.844932Search in Google Scholar

28. Sorić, P. (2018). Consumer confidence as a GDP determinant in New EU Member States: a view from a time-varying perspective. Empirica, Vol. 45, No. 2, pp. 261-282.10.1007/s10663-016-9360-4Search in Google Scholar

29. Sorić, P., Lolić, I., Čižmešija, M. (2016) European Economic Sentiment Indicator: An empirical reappraisal. Quality & quantity, Vol. 50, No. 5, pp. 2025-2054.10.1007/s11135-015-0249-2Search in Google Scholar

30. Utaka, A. (2014). Consumer Confidence and the Japanese Economy-Comparison of Pre- and Post-Bubble Period. Economics Bulletin, Vol. 34, No. 2, pp. 1165-1173.Search in Google Scholar

31. Yoo, H. (2018). The Relationship between Consumer Sentiment Index and Trading Volume in Housing Market - Focused on Fundamental Component and Transitory Component. Journal of Real Estate Policy Research, Vol. 19, No. 2, pp. 21-36.Search in Google Scholar