Comparing China's GDP statistics with coincident indicators

Aaron Mehrotra and Jenni Pääkkönen

Journal of Comparative Economics, 2011, vol. 39, issue 3, 406-411

Abstract: 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 estimated factors and the published coincident indicators match the GDP dynamics well and discrepancies are very short. The largest discrepancies may correspond to shocks affecting the growth process.

Keywords: Factor; models; Principal; component; GDP; China (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:39:y:2011:i:3:p:406-411

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