Analyzing and Forecasting Business Cycles in a Small Open Economy: A Dynamic Factor Model for Singapore
A dynamic factor model is applied to a large panel dataset of Singapore’s macroeconomic variables and global economic indicators with the initial objective of analyzing business cycles in a small open economy. The empirical results suggest that four common factors are present in the quarterly time s...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2009
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1222 https://ink.library.smu.edu.sg/context/soe_research/article/2221/viewcontent/dynamicfactor.pdf |
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| Institution: | Singapore Management University |
| Language: | English |