Abstract
The study developed by Stock and Watson (1991) has served as a catalyst for the construction of monthly indicators of economic activity. However, its application has been focused on national statistics. In this article we develop a new empirical strategy of three steps to build regional economic indicators on a monthly basis that can be replicated in provinces or municipalities in Latin America. We apply this empirical strategy to develop the Monthly Indicator of Economic Activity (in Spanish, IMAE) for one of the main regions of Colombia: Valle del Cauca.
| Original language | English |
|---|---|
| Pages (from-to) | 589-605 |
| Number of pages | 17 |
| Journal | Latin American Research Review |
| Volume | 52 |
| Issue number | 4 |
| DOIs | |
| State | Published - 2017 |