Pregled bibliografske jedinice broj: 702858
Constructing a composite coincident indicator for a post-transition country
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)
CROSBI ID: 702858 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
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
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
