Comparing China's GDP statistics with coincident indicators
AbstractWe 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 estimated factors and the published coincident indicators match the GDP dynamics well and discrepancies are very short. The largest discrepancies may correspond to shocks affecting the growth process.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Comparative Economics.
Volume (Year): 39 (2011)
Issue (Month): 3 (September)
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Web page: http://www.elsevier.com/locate/inca/622864
Factor models Principal component GDP China;
Other versions of this item:
- Mehrotra, Aaron & Paakkonen, Jenni, 2011. "Comparing China’s GDP Statistics with Coincident Indicators," BOFIT Discussion Papers 1/2011, Bank of Finland, Institute for Economies in Transition.
- C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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