Indicadores Compuestos de Actividad Económica por sectores para la República Dominicana

Jiménez Polanco, Miguel Alejandro and López Hawa, Nabil and Ramírez Escoboza, Merlym (2016): Indicadores Compuestos de Actividad Económica por sectores para la República Dominicana. Published in: Documento de Trabajo Banco Central de la República Dominicana No. 2016-01 (15 December 2016)

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.

• Item Type: MPRA Paper
• English Title: Composite Indicators of Economic Activity for the Dominican Republic
• Language: Spanish
• Keywords: Principal Components, Common Factor, Business Cycle Analysis.
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

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