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|c 5.00 USD
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|z 9781451872200
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Al-Hassan, Abdullah.
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|a A Coincident Indicator of the Gulf Cooperation Council (GCC) Business Cycle /
|c Abdullah Al-Hassan.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (34 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2009/073
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/073/001.2009.issue-073-en.xml
|z IMF e-Library
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