Indicators of Economic Activity: A Review

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 ind...

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Bibliographic Details
Main Authors:	Sierra Suárez, Lya Paola, Collazos-Rodríguez, Jaime Andrés, Sanabria-Domínguez, Johana, Vidal-Alejandro, Pavel
Format:	Online
Language:	spa
Published:	Universidad Pedagógica y Tecnológica de Colombia 2017
Subjects:	index of economic activity dynamic factor model. indicador de actividad económica Modelo Factorial Dinámico.
Online Access:	https://revistas.uptc.edu.co/index.php/cenes/article/view/5132

Description
Summary:	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.