Title :
An analysis of the U.S. Gross State Product co-movement using the Minimum Dominating Set
Author :
Papadimitriou, Theophilos ; Gogas, Periklis ; Sarantitis, Georgios Antonios
Author_Institution :
Dept. of Econ., Democritus Univ. of Thrace, Komotini, Greece
Abstract :
In this study we use the Minimum Dominating Set (MDS) in order to identify a subset of states that can represent the initial network of the Gross State Product (GSP) growth rate of 51 US states (50 states and the District of Columbia). This subset can then be used as an auxiliary alert gauge when investigating the macroeconomic effects of GSP movements in inter-state studies or it can be integrated in forecasting models for the US GSP movements, reducing the volume of data needed for such an analysis.
Keywords :
economic indicators; forecasting theory; graph theory; macroeconomics; District of Columbia; US GSP movements; US gross state product co-movement; auxiliary alert gauge; forecasting models; inter-state studies; macroeconomic effects; minimum dominating set; Business; Correlation; Correlation coefficient; Macroeconomics; Standards; Synchronization; Business Cycle Synchronization; Complex Networks; Minimum Dominating Set; Optimum Currency Areas; Regional Economics;
Conference_Titel :
Global Conference on Signal and Information Processing (GlobalSIP), 2013 IEEE
Conference_Location :
Austin, TX
DOI :
10.1109/GlobalSIP.2013.6737108
