Caro, Juan Carlos; Idrovo, Byron - In: Latin American Journal of Economics-formerly Cuadernos … 47 (2010) 136, pp. 273-303
This article depicts an alternative methodology for measuring the investment activity in Chile’s infrastructure and housing sectors. The methodology is based on the Stock & Watson index (1989), which defines activity indicators as “an unobservable underlying state”. We use the Kalman...