Indicators of Economic Activity: A Review
DOI:
https://doi.org/10.19053/01203053.v36.n64.2017.5132Keywords:
index of economic activity, dynamic factor model.Abstract
Economic indicators are used to measure the performance of the economy when other indicators, such as gross domestic product, may not provide information about the state of the economy in real time. This article provides a review of national and international literature about the construction of indicators of economic activity. Additionally, a summary of the methodology most commonly used in the construction of indices of economic activity, Factorial Dynamic Model (MFD) and different types of estimation is offered.
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Copyright (c) 2017 Lya Paola Sierra Suárez, Jaime Andrés Collazos-Rodríguez, Johana Sanabria-Domínguez, Pavel Vidal-Alejandro
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