This paper presents a method of estimating the current state of Latvia’s economy. The evaluation object is medium to long-run growth of real GDP, but not actual GDP itself, which helps to filter out various one-off effects and focus on medium and long-run tendencies. Our indicator, called...

This paper examines the finite sample properties of estimators for approximate factor models when N is small via simulation study. Although the "rule-of-thumb" for factor models does not support using approximate factor models when N is small, we find that the principal component analysis...

This paper establishes an inventory of international migration and trade relationship. In the new global context, this link is complex and multidimensional. It includes political, economic, social, and legal, it involves many actors like international organizations, migrants, countries of origin...

This paper starts from the premise that there is a strong relationship between individual values and human development. In other words, the values we embrace act as facilitating factors or, on the contrary, as barrier for our personal development. Data from World Values Survey database and from...

This paper presents a method of estimating the current state of Latvia's economy. The evaluation object is medium to long-run growth of real GDP, but not actual GDP itself, which helps to filter out various one-off effects and focus on medium and long-run tendencies. Our indicator, called...

In this paper we apply a dynamic factor model to generate out of sample forecasts for the inflation rate in Mexico. We evaluate the role of using a wide range of macroeconomic variables with particular interest on the importance of using CPI disaggregated data to forecast inflation. Our data set...