Monitoring the Construction Sector in Valle del Cauca
The objective of this research is to develop a monthly indicator that synthesizes the economic activity of the construction sector in Valle del Cauca, as a tool for analyzing the production cycle and as a single, public measure that contributes to decision-making. Dynamic factorial models, the Kalma...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2023
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/14667 |
| _version_ | 1801705969593352192 |
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| author | Garay Rodríguez, Seydyss Vidal-Alejandro, Pavel Cerón-Ordoñez , Julieth |
| author_facet | Garay Rodríguez, Seydyss Vidal-Alejandro, Pavel Cerón-Ordoñez , Julieth |
| author_sort | Garay Rodríguez, Seydyss |
| collection | OJS |
| description | The objective of this research is to develop a monthly indicator that synthesizes the economic activity of the construction sector in Valle del Cauca, as a tool for analyzing the production cycle and as a single, public measure that contributes to decision-making. Dynamic factorial models, the Kalman Filter and the Litterman method are used, also used in the Monthly Index of Economic Activity (IMAE), in order to capture signals, changes in the productive cycle of construction and compile the sectoral economic facts that affect production. In the results, the dynamics of the sectoral and economic variables are observed that explain the behavior of the sector in Valle del Cauca, in the period 2009-2020. A change of slope is observed in 2020, as a direct consequence of the crisis generated by Covid-19 and the restrictive measures adopted by the government to contain its advance. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-14667 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2023 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-146672024-03-20T21:57:08Z Monitoring the Construction Sector in Valle del Cauca El monitoreo del sector de la construcción en el Valle del Cauca Garay Rodríguez, Seydyss Vidal-Alejandro, Pavel Cerón-Ordoñez , Julieth economic fluctuations economic analysis economic statistics housing construction composite index index of economic activity ciclo económico análisis económico estadísticas económicas construcción de viviendas indicador compuesto indicador de actividad económica The objective of this research is to develop a monthly indicator that synthesizes the economic activity of the construction sector in Valle del Cauca, as a tool for analyzing the production cycle and as a single, public measure that contributes to decision-making. Dynamic factorial models, the Kalman Filter and the Litterman method are used, also used in the Monthly Index of Economic Activity (IMAE), in order to capture signals, changes in the productive cycle of construction and compile the sectoral economic facts that affect production. In the results, the dynamics of the sectoral and economic variables are observed that explain the behavior of the sector in Valle del Cauca, in the period 2009-2020. A change of slope is observed in 2020, as a direct consequence of the crisis generated by Covid-19 and the restrictive measures adopted by the government to contain its advance. El objetivo de esta investigación es desarrollar un indicador mensual que sintetice la actividad económica del sector de la construcción en el Valle del Cauca, como herramienta de análisis del ciclo productivo y como una medida única y pública que contribuye a la toma de decisiones. Se utilizando los modelos factoriales dinámicos, el Filtro de Kalman y el método de Litterman, también usados en el Índice Mensual de Actividad Económica (IMAE), con la finalidad de capturar señales, cambios en el ciclo productivo de la construcción y compilar los hechos económicos sectoriales que surgen la producción. En los resultados, se observa la dinámica de las variables sectoriales y económicas que explican el comportamiento del sector en el Valle del Cauca, en el período 2009-2020.Se observa un cambio de pendiente en 2020, Universidad Pedagógica y Tecnológica de Colombia 2023-03-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/14667 10.19053/01203053.v42.n75.2023.14667 Apuntes del Cenes; Vol. 42 No. 75 (2023); 237-271 Apuntes del Cenes; Vol. 42 Núm. 75 (2023); 237-271 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/14667/12740 https://revistas.uptc.edu.co/index.php/cenes/article/view/14667/13864 Copyright (c) 2023 Seydyss Garay Rodríguez, Pavel Vidal-Alejandro, Julieth Cerón-Ordoñez http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | economic fluctuations economic analysis economic statistics housing construction composite index index of economic activity ciclo económico análisis económico estadísticas económicas construcción de viviendas indicador compuesto indicador de actividad económica Garay Rodríguez, Seydyss Vidal-Alejandro, Pavel Cerón-Ordoñez , Julieth Monitoring the Construction Sector in Valle del Cauca |
| title | Monitoring the Construction Sector in Valle del Cauca |
| title_alt | El monitoreo del sector de la construcción en el Valle del Cauca |
| title_full | Monitoring the Construction Sector in Valle del Cauca |
| title_fullStr | Monitoring the Construction Sector in Valle del Cauca |
| title_full_unstemmed | Monitoring the Construction Sector in Valle del Cauca |
| title_short | Monitoring the Construction Sector in Valle del Cauca |
| title_sort | monitoring the construction sector in valle del cauca |
| topic | economic fluctuations economic analysis economic statistics housing construction composite index index of economic activity ciclo económico análisis económico estadísticas económicas construcción de viviendas indicador compuesto indicador de actividad económica |
| topic_facet | economic fluctuations economic analysis economic statistics housing construction composite index index of economic activity ciclo económico análisis económico estadísticas económicas construcción de viviendas indicador compuesto indicador de actividad económica |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/14667 |
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