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Title:Three Essays on Macroeconomic and Econometric Analysis of Business Cycle
Author(s):Park, Yang Su
Doctoral Committee Chair(s):Villamil, Anne P.
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, General
Abstract:The third paper explores a methodology applicable to generating a regional economic activity index. There have been some attempts to develop a comprehensive index using either the coincident composite index model or the dynamic factor model. This paper suggests a modified principal components regression method: using the Chicago Federal Reserve Bank National Activity Index (CFNAI) and local economic indicators, local and national factors are extracted by applying the partitioned regression and the principal components method. From these results, a local economic activity index is generated through combining national components with local components by a regression method. Three experimental local indices for the Chicago Metropolitan area are produced.
Issue Date:2004
Type:Text
Language:English
Description:88 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2004.
URI:http://hdl.handle.net/2142/85546
Other Identifier(s):(MiAaPQ)AAI3131004
Date Available in IDEALS:2015-09-25
Date Deposited:2004


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