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Autore: |
Al-Hassan Abdullah
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Titolo: |
A coincident indicator of the Gulf Cooperation Council (GCC) business cycle [[electronic resource] /] / prepared by Abdullah Al-Hassan
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Pubblicazione: | [Washington D.C.], : International Monetary Fund, 2009 |
Descrizione fisica: | 1 online resource (36 p.) |
Soggetto topico: | Business cycles |
Soggetto genere / forma: | Electronic books. |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | Contents; I. Introduction; II. Methodology; A. Generalized Dynamic Factor Model; B. Estimating Common Components by a One-Sided Filter; Figures; 1. Average Dynamic Eigenvalues Over Cross-Sectional Units; 2. Percentage of Variance Explained; III. Building a GCC Area Database; IV. A Coincident Indicator for the GCC Business Cycle; A. Definition of the Coincident Indicator Properties; 3. Spectral Density Functions of All Eigenvalues; 4. Average of Spectral Density Functions; B. Properties of the Coincident Indicator; C. The Construction of a Coincident Indicator |
5. The GCC Coincident Indicator and the GCC Area GDP Growth Rate6. The GCC Coincident Indicator and the Common Component of National GDP; 7. The GCC Coincident Indicator and the Common Component of National GDP; V. Degree of Commonality and Cyclical Behavior of the Variables; A. Degree of Commonality; B. Business Cycle: Stylized Facts; Tables; 1. The Direction and Timing of Variables Against the Coincident Indicator; VI. Observed Economic Variables and Latent Factors; VII. Conclusion; 2. Testing the Observed Macroeconomic Data Against the Latent Factors; Appendix; I: Data Set; Appendix Tables | |
1: Data, Degree of Commonality, and Cyclical BehaviorReferences | |
Sommario/riassunto: | This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and the real GDP growth have moved closely together. Since the indicator is constructed using a small number of common factors, the strong correlation between the indicator and real GDP growth points to a high degree of commonality across GCC economies. The timing and direction of movements in macroeconomic variables are characterized with respect to the c |
Titolo autorizzato: | A coincident indicator of the Gulf Cooperation Council (GCC) business cycle ![]() |
ISBN: | 1-4623-2248-4 |
1-4527-4301-0 | |
9786612842948 | |
1-282-84294-3 | |
1-4518-7220-8 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910464073003321 |
Lo trovi qui: | Univ. Federico II |
Opac: | Controlla la disponibilità qui |