Indicadores Compuestos de Actividad Económica por sectores para la República Dominicana

Composite Indicators of Economic Activity for the Dominican Republic

Miguel Jiménez Polanco, Nabil López Hawa and Merlym Ramírez Escoboza

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we construct real activity composite indicators for service, industry and agricultural sectors, using of principal components analysis. The proposed indicators are the result of the first principal component that summarizes the common movements shared by the series of each sector. The results indicate that each of the composite indicators constructed show a high correlation with real economic activity of the sector that they represent. Additionally, these indicators are capable of capturing the secular movements of business cycle. These indicators may help in the analysis of real activity and provide signals of where the economy is going.

Keywords: Principal Components; Common Factor; Business Cycle Analysis. (search for similar items in EconPapers)
JEL-codes: E30 E32 E52 (search for similar items in EconPapers)
Date: 2016-12-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/75916/1/MPRA_paper_75916.pdf original version (application/pdf)

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: https://EconPapers.repec.org/RePEc:pra:mprapa:75916

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().