Using Wavelet Analysis of Mortgages and Gross Domestic Product to Classify Spanish Provinces
نویسندگان
چکیده
In this paper we use wavelet coherency and phase-difference analysis to classify all Spanish provinces based on Monthly Total Mortgage data in each province and Quarterly Gross Domestic Product data in Spain. The information obtained using wavelet analysis leads us to propose two different classifications for the fifty-two Spanish provinces. First, we use the wavelet coherency level between two transformed Quarterly Growth Rates series derived from the aforementioned financial data for the period 1995-2012 to obtain five groups. Second, we propose eight groups based on whether the phase-difference for the two data series indicates that the series progress in phase or anti-phase, and also on whether the Total Mortgage series leads the Gross Domestic Product series or vice versa. Key-Words: Wavelets, wavelet coherency, phase-difference, Mortgages by provinces, Gross Domestic Product
منابع مشابه
Using Wavelets to Understand the Relationship between Mortgages and Gross Domestic Product in Spain
We use wavelet multiresolution decomposition and cross-wavelet analysis to reveal certain properties in financial data related to mortgages to households and gross domestic product data in Spain. Wavelet techniques possess many desirable properties, some of which are useful as a vehicle for analysing economic and financial data. In our case, wavelets are useful for drawing conclusions both in t...
متن کاملSanction, Macroeconomic Major Variables And Misery Index: The Approach of GMM Panel (Case of Study Selected Provinces of the Country)
The misery index is an economic indicator that defined by economist Arthur Okun in the late of decade 1970. This index, determine of total inflation and unemployment rates and express in terms of percent. High misery index, end in economic and public troubles. Because have increased both inflation and unemployment rates. In other words, the Misery index can indicate the state of stagflation in ...
متن کاملAn Intervention Analysis Of The Behavior Of The Iranian Real Gross Domestic Product: 1959-2001
متن کامل
Investigating the Effect of Overflow Effects from Heat Sector of Iran on Greenhouse Gas Emissions; Application of Space Durbin Model
Issues related to environment are one of the most important issues that confront communities in recent decades. Resource scarcity and the necessity of development for Iran and other similar countries requires us to deal with carbon dioxide emissions as a manifestation of environmental crisis. In this study, we assess the relationship between carbon dioxide emissions as a dependent variable wi...
متن کاملVector Autoregressive Model Selection: Gross Domestic Product and Europe Oil Prices Data Modelling
We consider the problem of model selection in vector autoregressive model with Normal innovation. Tests such as Vuong's and Cox's tests are provided for order and model selection, i.e. for selecting the order and a suitable subset of regressors, in vector autoregressive model. We propose a test as a modified log-likelihood ratio test for selecting subsets of regressors. The Europe oil prices, ...
متن کامل