Idrovo-Aguirre, Byron J.; Contreras-Reyes, Javier E. - In: Journal of Economic Studies 49 (2021) 3, pp. 541-557
Purpose: This paper combines the objective information of six mixed-frequency partial-activity indicators with assumptions or beliefs (called priors) regarding the distribution of the parameters that approximate the state of the construction activity cycle. Thus, this paper uses Bayesian...