Advanced global indicator of short and long term for the economy of Cauca 1960-2014

This paper proposes to build a leading or advanced indicator to the economy of Cauca department, through three alternative methodologies that depart from the traditional methodology based on National Bureau of Economic Research (NBER). Three indicators are proposed to achieve this, both short and lo...

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Những tác giả chính: Gómez Sánchez, Andrés Mauricio, Sarmiento Castillo, Juliana Isabel, Fajardo Hoyos, Claudia Liceth
Định dạng: Online
Ngôn ngữ:spa
Được phát hành: Universidad Pedagógica y Tecnológica de Colombia 2016
Những chủ đề:
Truy cập trực tuyến:https://revistas.uptc.edu.co/index.php/cenes/article/view/5231
Miêu tả
Tóm tắt:This paper proposes to build a leading or advanced indicator to the economy of Cauca department, through three alternative methodologies that depart from the traditional methodology based on National Bureau of Economic Research (NBER). Three indicators are proposed to achieve this, both short and long term, under the method of linear decomposition of the cycle, another synthetic overall indicator based on the methodology of the main components and finally another using the Kalman filter algorithm. The results show, among other things, that the indicator on Kalman scenario exceeds in statistic robustness the other two indicators and predicts a positive economic growth for the region in the coming years.