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Transforming Qualitative Survey Data: Performance Comparisons for the UK

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Author Info
Ciaran Driver
Giovanni Urga

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Abstract

This paper assesses different ways of converting qualitative data obtained in surveys into quantitative indices for a number of economic variables. The research reported here focuses on the main UK employers' business survey for manufacturing - the CBI industrial trends survey. Six response variables are investigated - plant and machinery investment, output, employment, exports, price and cost. We find that the balance statistic is a satisfactory method of transforming three of the variables: investment, output and exports. Copyright 2004 Blackwell Publishing Ltd.

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Publisher Info
Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics.

Volume (Year): 66 (2004)
Issue (Month): 1 (02)
Pages: 71-89
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Handle: RePEc:bla:obuest:v:66:y:2004:i:1:p:71-89

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  1. Ciaran Driver & Paul Temple & Giovanni Urga, 2005. "Identifying Externalities in UK Manufacturing Using Direct Estimation of an Average Cost Function," Department of Economics Discussion Papers 1005, Department of Economics, University of Surrey. [Downloadable!]
    Other versions:
  2. Troy Matheson & James Mitchell & Brian Silverstone, 2007. "Nowcasting and predicting data revisions in real time using qualitative panel survey data," Reserve Bank of New Zealand Discussion Paper Series DP2007/02, Reserve Bank of New Zealand. [Downloadable!]
  3. Ciaran Driver & Paul Temple & Giovanni Urga, 2005. "Explaining the Diversity of Industry Investment Responses to Uncertainty Using Long Run Panel Survey Data," Department of Economics Discussion Papers 0405, Department of Economics, University of Surrey. [Downloadable!]
  4. Ciaran Driver & Paul Temple & Giovanni Urga, 2005. "Contrasts Between Classes of Assets in Fixed Investment Equations as a Way of Testing Real Option Theory," Department of Economics Discussion Papers 0805, Department of Economics, University of Surrey. [Downloadable!]
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This page was last updated on 2008-9-29.


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