A monthly regional indicator of economic activity: An application for Latin America

Pavel Vidal; Lya Paola Sierra; Johana Sanabria; Jaime Andrés Collazos

doi:10.25222/larr.38

A monthly regional indicator of economic activity: An application for Latin America

Pavel Vidal, Lya Paola Sierra, Johana Sanabria, Jaime Andrés Collazos

Banco de la República - Colombia

Producción: Contribución a una revista › Artículo › revisión exhaustiva

4 Citas (Scopus)

Resumen

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.

Idioma original	Inglés
Páginas (desde-hasta)	589-605
Número de páginas	17
Publicación	Latin American Research Review
Volumen	52
N.º	4
DOI	https://doi.org/10.25222/larr.38
Estado	Publicada - 2017

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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.",

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A monthly regional indicator of economic activity: An application for Latin America

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