Working days series in Colombia: an application to industrial growth adjustment

While many economists are aware of the effect of workdays on production measures, it is common to find data being analyzed without adjustment. Generally, the number of workdays in a month changes from one year to the next. This is true for all months, not only for March and April which exhibit the l...

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Tipo de recurso:: http://purl.org/coar/resource_type/c_6798

Fecha de publicación:: 2014

Institución:: Universidad Pedagógica y Tecnológica de Colombia

Repositorio:: RiUPTC: Repositorio Institucional UPTC

Idioma:: spa

id	REPOUPTC2_c0bbf560cab27dd99684e4b21cf410e0
oai_identifier_str	oai:repositorio.uptc.edu.co:001/11884
network_acronym_str	REPOUPTC2
network_name_str	RiUPTC: Repositorio Institucional UPTC
repository_id_str
spelling	2014-09-222024-07-05T18:44:24Z2024-07-05T18:44:24Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/290310.19053/22565779.2903https://repositorio.uptc.edu.co/handle/001/11884While many economists are aware of the effect of workdays on production measures, it is common to find data being analyzed without adjustment. Generally, the number of workdays in a month changes from one year to the next. This is true for all months, not only for March and April which exhibit the largest variations due to the Holy Week. This paper constructs a series of workdays, accounting for changes in holidays through time, and uses it to adjust industrial production data from DANE. Some months the difference between industrial growth reported by DANE and growth adjusted by workdays may reach 12 percentage points, positive or negative.Si bien muchos economistas son conscientes del efecto de los días hábiles sobre la medición de la producción, aún es frecuente encontrar que estas cifras se analizan sin el correspondiente ajuste. En general, el número de días hábiles en un mes cambia de un año a otro, lo cual es cierto para todos los meses, no solo para los que contienen la Semana Santa. Este trabajo recopila la serie de días hábile mensuales tomando en cuenta los festivos actuales y anteriores a la Ley Emiliani, y la utiliza para ajustar la serie de producción manufacturera del DANE. Para algunos meses, la diferencia entre la cifra de crecimiento industrial reportada por el DANE y la cifra ajustada por días hábiles puede acercarse a los 12 puntos porcentuales, en cualquier dirección. application/pdfspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/2903/2640Copyright (c) 2014 Álvaro Montenegro Garcíahttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf299http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 11-30Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 11-302256-57790120-3053industrial productionmonthly manufacturing surveyworking daysseasonality.Producción industrialDANEestacionalidad. (Industrial productionseasonality)Working days series in Colombia: an application to industrial growth adjustmentSeries de días hábiles en Colombia: una aplicación al ajuste del crecimiento industrialinfo:eu-repo/semantics/articlePeer reviewed Articlehttp://purl.org/coar/resource_type/c_6798http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a382http://purl.org/coar/version/c_970fb48d4fbd8a85García, Álvaro Montenegro001/11884oai:repositorio.uptc.edu.co:001/118842025-07-18 12:13:34.586metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv	Working days series in Colombia: an application to industrial growth adjustment
dc.title.es-ES.fl_str_mv	Series de días hábiles en Colombia: una aplicación al ajuste del crecimiento industrial
title	Working days series in Colombia: an application to industrial growth adjustment
spellingShingle	Working days series in Colombia: an application to industrial growth adjustment industrial production monthly manufacturing survey working days seasonality. Producción industrial DANE estacionalidad. (Industrial production seasonality)
title_short	Working days series in Colombia: an application to industrial growth adjustment
title_full	Working days series in Colombia: an application to industrial growth adjustment
title_fullStr	Working days series in Colombia: an application to industrial growth adjustment
title_full_unstemmed	Working days series in Colombia: an application to industrial growth adjustment
title_sort	Working days series in Colombia: an application to industrial growth adjustment
dc.subject.en-US.fl_str_mv	industrial production monthly manufacturing survey working days seasonality.
topic	industrial production monthly manufacturing survey working days seasonality. Producción industrial DANE estacionalidad. (Industrial production seasonality)
dc.subject.es-ES.fl_str_mv	Producción industrial DANE estacionalidad. (Industrial production seasonality)
description	While many economists are aware of the effect of workdays on production measures, it is common to find data being analyzed without adjustment. Generally, the number of workdays in a month changes from one year to the next. This is true for all months, not only for March and April which exhibit the largest variations due to the Holy Week. This paper constructs a series of workdays, accounting for changes in holidays through time, and uses it to adjust industrial production data from DANE. Some months the difference between industrial growth reported by DANE and growth adjusted by workdays may reach 12 percentage points, positive or negative.
publishDate	2014
dc.date.accessioned.none.fl_str_mv	2024-07-05T18:44:24Z
dc.date.available.none.fl_str_mv	2024-07-05T18:44:24Z
dc.date.none.fl_str_mv	2014-09-22
dc.type.none.fl_str_mv	info:eu-repo/semantics/article
dc.type.en-US.fl_str_mv	Peer reviewed Article
dc.type.coar.fl_str_mv	http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.spa.fl_str_mv	http://purl.org/coar/resource_type/c_6798
dc.type.version.spa.fl_str_mv	info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a382
format	http://purl.org/coar/resource_type/c_6798
status_str	publishedVersion
dc.identifier.none.fl_str_mv	https://revistas.uptc.edu.co/index.php/cenes/article/view/2903 10.19053/22565779.2903
dc.identifier.uri.none.fl_str_mv	https://repositorio.uptc.edu.co/handle/001/11884
url	https://revistas.uptc.edu.co/index.php/cenes/article/view/2903 https://repositorio.uptc.edu.co/handle/001/11884
identifier_str_mv	10.19053/22565779.2903
dc.language.none.fl_str_mv	spa
dc.language.iso.spa.fl_str_mv	spa
language	spa
dc.relation.none.fl_str_mv	https://revistas.uptc.edu.co/index.php/cenes/article/view/2903/2640
dc.rights.en-US.fl_str_mv	Copyright (c) 2014 Álvaro Montenegro García http://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.fl_str_mv	http://purl.org/coar/access_right/c_abf2
dc.rights.coar.spa.fl_str_mv	http://purl.org/coar/access_right/c_abf299
rights_invalid_str_mv	Copyright (c) 2014 Álvaro Montenegro García http://creativecommons.org/licenses/by-nc-sa/4.0 http://purl.org/coar/access_right/c_abf299 http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv	application/pdf
dc.publisher.en-US.fl_str_mv	Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv	Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 11-30
dc.source.es-ES.fl_str_mv	Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 11-30
dc.source.none.fl_str_mv	2256-5779 0120-3053
institution	Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv	Repositorio Institucional UPTC
repository.mail.fl_str_mv	repositorio.uptc@uptc.edu.co
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Working days series in Colombia: an application to industrial growth adjustment

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