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Pregled bibliografske jedinice broj: 702858

Constructing a composite coincident indicator for a post-transition country


Rašić Bakarić, Ivana; Tkalec, Marina; Vizek Maruška
Constructing a composite coincident indicator for a post-transition country // Ekonomska istraživanja, 29 (2016), 1; 434-445 doi:10.1080/1331677X.2016.1174388 (međunarodna recenzija, članak, znanstveni)


Naslov
Constructing a composite coincident indicator for a post-transition country

Autori
Rašić Bakarić, Ivana ; Tkalec, Marina ; Vizek Maruška

Izvornik
Ekonomska istraživanja (1331-677X) 29 (2016), 1; 434-445

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Coincident indicator ; dynamic factor model ; business cycle

Sažetak
The aim of this paper is to construct a monthly coincident indicator of real economic activity in Croatia. For that purpose we use a database containing alltogether 278 time series ranging from January 1998 to December 2010. In the first step we use correlation analysis, logit and Markov switching model in order to select time series which closely follow the overall business cycle and its turning points. The following four series have been detected as having best coincident properties: industrial production, volume of retail sales, VAT revenues and total credit to households. In the second step we apply dynamic factor model to aforementioned coincident series in order to estimate their common component which is than used to construct a monthly coincident indicator of real economic activity.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove
Ekonomski institut, Zagreb

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus


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