A Coincident Indicator of the Gulf Cooperation Council (GCC) Business Cycle:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Al-Hassan, Abdullah (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2009
Schriftenreihe:IMF Working Papers Working Paper No. 09/73
Links:http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
http://elibrary.imf.org/view/IMF001/10045-9781451872200/10045-9781451872200/10045-9781451872200.xml
Abstract:This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and the real GDP growth have moved closely together. Since the indicator is constructed using a small number of common factors, the strong correlation between the indicator and real GDP growth points to a high degree of commonality across GCC economies. The timing and direction of movements in macroeconomic variables are characterized with respect to the coincident indicator. Finally, to obtain a meaningful economic interpretation of the latent factors, their behavior is compared to the observed economic variables
Umfang:1 Online-Ressource (34 p)
ISBN:1451872208
9781451872200