Estimates of Real Economic Activity in Switzerland, 1885-1930

Stefan Gerlach () and Petra Gerlach-Kristen

No 3427, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This Paper uses annual data spanning 1870 to 1930 on a set of variables correlated with business conditions to construct an index of real economic activity in Switzerland. We extract an estimate of the common component of the data series using principal components analysis and the unobservable variables approach proposed by Stock and Watson (1989, 1991). The resulting index is similar to, but displays more variation over time than, that constructed by Andrist, Anderson and Williams (2000).

Keywords: Swiss economic history; Principal componants; Coincident indicator (search for similar items in EconPapers)
JEL-codes: E32 N13 N14 (search for similar items in EconPapers)
Date: 2002-06
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (2)

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