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Graduate Seminar Series

Fri., Aug. 11, 2023 3:45 p.m.

Location: CW 307.20 and Live Stream

Speaker: Raymond Afful

Title: Optimisation of Real Gross Domestic Product (GDP) Using Mean-Value-At-Risk Approach (159 kB) PDF file


Policy makers and governments are concerned about maximizing economic growth and minimizing volatility in an economy. Using a mean-value-at-risk approach, the study attempts to construct an optimal portfolio of the 20 industries used to estimate real growth. The study uses monthly gross domestic product data from Statistics Canada from January 2007 to December 2022. Compared to the traditional portfolio, the mean- value-at-risk approach proved to be more efficient.

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