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| Tekijä: | Mitchell, J. Smith, R. J. Weale, M. R. |
| Otsikko: | Quantification of qualitative firm-level survey data |
| Lehti: | Economic Journal
2002 : MAR, VOL. 112:478, p. C117-C135 |
| Asiasana: | Financial theory Industrial economics United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | Survey data sre widely used to provide indicators of economic activity ahead of the publication of official data. This paper proposes an indicator based on a theoretically consistent procedure for quantifying firm-level survey responses that are ordered and categorical. Firms' survey responses are assumed to be triggered by a latent continuous random variable as it crosses thresholds. An application to firm-level survey data from the Confederation of British Industry shows that the proposed indicator of manufacturing output growth outperforms traditional indicators that assume timeinvariat thresholds. |
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