Analyzing and Forecasting Business Cycles in a Small Open Economy: A Dynamic Factor Model for Singapore

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 analysing business cycles in a small open economy. The empirical results suggest that four common factors – which can broadly be interpreted...

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Bibliographic Details
Main Authors: CHOW, Hwee Kwan, CHOY, Keen Meng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
business cycle
dynamic factor model
forecasting
Singapore
Asian Studies
Growth and Development
Macroeconomics
Online Access:https://ink.library.smu.edu.sg/soe_research/1230
https://ink.library.smu.edu.sg/context/soe_research/article/2229/viewcontent/BusinessCycles_SmallOpenEcon_Singapore_2009.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1230
https://ink.library.smu.edu.sg/context/soe_research/article/2229/viewcontent/BusinessCycles_SmallOpenEcon_Singapore_2009.pdf

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