Nowcasting de la tasa de crecimiento del PIB de España

In this paper, a large-scale dynamic factor model is carried out to calculate short-term predictions of the Spanish GDP growth rate in real time. With this model, a Nowcasting exercise is carried out in pseudo-real time to make predictions, during the period 2015-2019, of the Spanish GDP growth rate...

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Detalles Bibliográficos
Autor: Palma Sánchez, Alejandro
Tipo de recurso: tesis de maestría
Fecha de publicación:2020
País:España
Institución:Universidad de Alcalá (UAH)
Repositorio:e_Buah Biblioteca Digital Universidad de Alcalá
Idioma:español
OAI Identifier:oai:ebuah.uah.es:10017/50450
Acceso en línea:http://hdl.handle.net/10017/50450
Access Level:acceso abierto
Palabra clave:GDP
Dynamic factor model
Nowcasting
Principal components
Forecast
Economics indicators
PIB
Modelo de factores dinámicos
Componentes principales
Predicción
Indicadores económicos
Economía
Economics
Descripción
Sumario:In this paper, a large-scale dynamic factor model is carried out to calculate short-term predictions of the Spanish GDP growth rate in real time. With this model, a Nowcasting exercise is carried out in pseudo-real time to make predictions, during the period 2015-2019, of the Spanish GDP growth rate. Furthermore, a prediction comparison of this model is performed with a random walk model and an ARIMA model, resulting in the winning DFM. It is concluded that the model may be adequate for making predictions of the Spanish GDP.