A coincident indicator of the Gulf Cooperation Council (GCC) business cycle

A coincident indicator of the Gulf Cooperation Council (GCC) business cycle / prepared by Abdullah Al-Hassan.

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...

Full description

Saved in:
Bibliographic Details
Main Author: Al-Hassan, Abdullah (Author)
Corporate Author: International Monetary Fund. Monetary and Capital Markets Department
Format: eBook
Language:English
Published: [Washington, DC] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/73.
Subjects:
Gulf Cooperation Council.
Gulf Cooperation Council
Online Access:Click for online access
Description
Summary: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 c.
Physical Description:1 online resource (34 pages) : color illustrations
Bibliography:Includes bibliographical references (pages 33-34).
Source of Description, Etc. Note:Print version record.

Similar Items