Arbeitspapier
Comparing China's GDP statistics with coincident indicators
We use factor analysis to summarize information from various macroeconomic indicators, effectively producing coincident indicators for the Chinese economy. We compare the dynamics of the estimated factors with GDP, and compare our factors with other published indicators for the Chinese economy. The indicator data match the GDP dynamics well and discrepancies are very short. The periods of discrepancies seem to correspond to shocks affecting the growth process as neither autoregressive models for GDP itself nor various coincident indicators are able to forecast them satisfactorily.
- ISBN
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978-952-462-696-5
- Sprache
-
Englisch
- Erschienen in
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Series: BOFIT Discussion Papers ; No. 1/2011
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Classification Methods; Cluster Analysis; Principal Components; Factor Models
- Thema
-
factor models
principal component
GDP
China
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mehrotra, Aaron
Pääkkönen, Jenni
- Ereignis
-
Veröffentlichung
- (wer)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
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Helsinki
- (wann)
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2011
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mehrotra, Aaron
- Pääkkönen, Jenni
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2011