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
978-952-462-696-5
Sprache
Englisch

Erschienen in
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)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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

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