Estimating and interpreting a common stochastic component for the Brazilian industrial production index

Revista Brasileira de Economia

Paulo Picchetti²  Celso Toledo¹ 

[1] ,USP Department of Economics

关键词: time series econometrics;    brazilian industrial production index;    business fluctuations;   

DOI  :  10.1590/S0034-71402002000100004

来源: SciELO

【 摘 要 】

This paper employs a state-space formulation to model a common stochastic component in four different series that constitute the aggregate index of industrial production in Brazil. This estimated common component is then interpreted as a measurement of behavior of fundamentals in the brazilian economy and compared to the actual aggregate index.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License