Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/95301 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Quaderni di Dipartimento No. 158
Verlag: 
Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ), Pavia
Zusammenfassung (übersetzt): 
This paper aims to construct a high-frequency coincident indicator of economic activity for Lombardy and for the provinces of Milan and Pavia, by using the dynamic factor model approach introduced by Stock e Watson (1998a e 1998b). The principal component analysis is first used to summarize the information contained in a large dataset in a limited number of common factors capable of capturing the main features of local business fluctuations. The EM (Expectation Maximization) algorithm then allows to compute the desired territorial indicators by taking into account the official annual data on regional GDP or provincial valueadded growth.
Schlagwörter: 
Coincident Economic Activity Indicators
Italian Regions
Diffusion Indexes
JEL: 
E32
C32
C82
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
439.52 kB





Publikationen in EconStor sind urheberrechtlich geschützt.