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Indicadores Compuestos de Actividad Económica por sectores para la República Dominicana

This paper was not found in any repository; the policy of its publisher is unknown or unclear.
This paper was not found in any repository; the policy of its publisher is unknown or unclear.

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Abstract

In this paper we construct real activity composite indicators for service, industry and agricultural sectors, using of principal components analysis. The proposed indicators are the result of the first principal component that summarizes the common movements shared by the series of each sector. The results indicate that each of the composite indicators constructed show a high correlation with real economic activity of the sector that they represent. Additionally, these indicators are capable of capturing the secular movements of business cycle. These indicators may help in the analysis of real activity and provide signals of where the economy is going.