Economics at your fingertips  

Application of factor models for the identification of countries sharing international reference-cycles

de Lucas Santos Sonia, María Jesús Delgado Rodríguez and Inmaculada Álvarez ()

Economic Modelling, 2011, vol. 28, issue 6, 2424-2431

Abstract: Using the methodology developed in Stock and Watson (2002a), this paper proposes to exploit the information that contains the factor loading to identify the countries sharing common factors. The proposal is illustrated by analyzing the relation with the international reference-cycle of a large sample of advanced countries from 1950 until 2006.

Keywords: Business fluctuations; Cycles; Factor models; Principal components (search for similar items in EconPapers)
JEL-codes: F41 C13 E32 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2018-10-17
Handle: RePEc:eee:ecmode:v:28:y:2011:i:6:p:2424-2431