Wang, Jin-ming; Gao, Tie-mei; McNown, Robert - In: Journal of Asian Economics 20 (2009) 2, pp. 89-97
The Stock-Watson method and the dynamic Markov switching factor (DMSF) model are employed to construct macroeconomic composite coincident indexes for the Chinese economy, January 1990-March 2008. Four coincident indicators, namely, industrial production, investment in fixed assets, sales...