Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212689
Authors: 
Mehrotra, Aaron
Pääkkönen, Jenni
Year of Publication: 
2011
Series/Report no.: 
BOFIT Discussion Papers 1/2011
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 indicator data match the GDP dynamics well and discrepancies are very short. The periods of discrepancies seem to correspond to shocks affecting the growth process as neither autoregressive models for GDP itself nor various coincident indicators are able to forecast them satisfactorily.
Subjects: 
factor models
principal component
GDP
China
JEL: 
C38
O4
P2
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-696-5
Document Type: 
Working Paper

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