State and local officials are often tasked with policy decisions that are influenced by projections of future economic conditions. However, properly assessing and predicting local economic performance is challenging. Common macroeconomic indicators can be helpful, but additional tools are needed. Stock indices have traditionally been used in the investment community to evaluate performance. While a recent surge in fundamental indexing has led to a debate over performance measurement, other uses of fundamental indices have been largely ignored. We introduce an employment-weighted stock index as a supplement to traditional forecasting measures for policymakers at the state and local levels
International Journal of Business and Management
Copyright © 2021 the Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Brune, Chris, Files, James, and Rice, Philip. "An Employment-Weighted Municipal Stock Index," International Journal of Business and Management, Canadian Center of Science and Education, 16:12 (2021) Nov. 12, 11-16. doi: 10.5539/ijbm.v16n12p11