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Scientific paper - Original scientific paper
Constructing a composite coincident indicator for a post-transition country
Economic research - Ekonomska istraživanja, 29 (2016), 1; 434-446. https://doi.org/10.1080/1331677X.2016.1174388
Rašić Bakarić, Ivana; Tkalec, Marina; Vizek, Maruška

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Rašić Bakarić, I., Tkalec, M. & Vizek, M. (2016). Constructing a composite coincident indicator for a post-transition country. Economic research - Ekonomska istraživanja, 29. (1), 434-446. doi: 10.1080/1331677X.2016.1174388

Rašić Bakarić, Ivana, et al. "Constructing a composite coincident indicator for a post-transition country." Economic research - Ekonomska istraživanja, vol. 29, no. 1, 2016, pp. 434-446. https://doi.org/10.1080/1331677X.2016.1174388

Rašić Bakarić, Ivana, Marina Tkalec and Maruška Vizek. "Constructing a composite coincident indicator for a post-transition country." Economic research - Ekonomska istraživanja 29, no. 1 (2016): 434-446. https://doi.org/10.1080/1331677X.2016.1174388

Rašić Bakarić, I., Tkalec, M. and Vizek, M. (2016) 'Constructing a composite coincident indicator for a post-transition country', Economic research - Ekonomska istraživanja, 29(1), pp. 434-446. doi: 10.1080/1331677X.2016.1174388

Rašić Bakarić I, Tkalec M, Vizek M. Constructing a composite coincident indicator for a post-transition country. Economic research - Ekonomska istraživanja [Internet]. 2016 December 22 [cited 2024 April 19];29(1):434-446. doi: 10.1080/1331677X.2016.1174388

I. Rašić Bakarić, M. Tkalec and M. Vizek, "Constructing a composite coincident indicator for a post-transition country", Economic research - Ekonomska istraživanja, vol. 29, no. 1, pp. 434-446, December 2016. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:213:608778. [Accessed: 19 April 2024]

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Metadata
Title (english)Constructing a composite coincident indicator for a post-transition country
AuthorIvana Rašić Bakarić
MBZ: 244815
AuthorMarina Tkalec
MBZ: 318005
AuthorMaruška Vizek
MBZ: 252024
Author's institutionThe Institute of Economics, Zagreb
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The aim of this article is to construct a monthly coincident indicator of real economic activity in Croatia. For that purpose, we use a database containing altogether 278 time series, ranging from January 1998 to December 2010. In step one we use correlation analysis, logit and Markov switching (MS) model in order to select time series that closely follow the overall business cycle and its turning points. The following four series have been detected as having the best coincident properties: industrial production, volume of retail sales, VAT revenues and total credit to households. In step two we apply dynamic factor model methodology to the aforementioned coincident series in order to estimate their common component, which is then used to construct a monthly coincident indicator of real economic activity.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 29, no. 1, pp. 434-446
p-ISSN1331-677X
e-ISSN1848-9664
DOIhttps://doi.org/10.1080/1331677X.2016.1174388
URN:NBNurn:nbn:hr:213:608778
Publication2016-12-22
Document URLhttp://hrcak.srce.hr/171733
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2017-10-24 12:20:20