Advanced Search
MyIDEAS: Login to save this article or follow this journal

An Analysis of Firms’ Expectations about Activity and Employment

Contents:

Author Info

  • Nicoletta Pashourtidou

    ()
    (Economics Research Centre, University of Cyprus)

  • Andreas Tsiaklis

    ()
    (Economics Research Centre, University of Cyprus)

Registered author(s):

    Abstract

    This paper uses individual firm data from the Cyprus Business Surveys for the period May 2009 - April 2011 to assess the extent to which expectations about activity and employment stated in a given month agree with realisations reported by the same firms in subsequent Surveys. The results show that the probability of a firm stating expectations that are consistent with future realisations varies systematically with firm-specific characteristics such as size, district and subsector of operation. The heterogeneity in this probability can be viewed as a description of the shocks experienced ex post by different types of firms

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ucy.ac.cy/erc/documents/AnAnalysis.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by University of Cyprus, Economics Research Centre in its journal Cyprus Economic Policy Review.

    Volume (Year): 5 (2011)
    Issue (Month): 1 (June)
    Pages: 71-85

    as in new window
    Handle: RePEc:erc:cypepr:v:5:y:2011:i:1:p:71-85

    Contact details of provider:
    Postal: P O Box 20537, 1678 Nicosia
    Phone: + 357 22892429
    Fax: + 357 22892426
    Email:
    Web page: http://www.ucy.ac.cy/goto/ecorece/el-GR/HOME.aspx
    More information through EDIRC

    Order Information:
    Email:

    Related research

    Keywords: business surveys; expectations; firm-level data; probit model;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Andrea Carriero & Massimiliano Marcellino, 2011. "Sectoral Survey‐based Confidence Indicators for Europe," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(2), pages 175-206, 04.
    2. Karl Taylor & Robert McNabb, 2007. "Business Cycles and the Role of Confidence: Evidence for Europe," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(2), pages 185-208, 04.
    3. Hansson, Jesper & Jansson, Per & Lof, Marten, 2005. "Business survey data: Do they help in forecasting GDP growth?," International Journal of Forecasting, Elsevier, vol. 21(2), pages 377-389.
    4. Claveria, Oscar & Pons, Ernest & Ramos, Raul, 2007. "Business and consumer expectations and macroeconomic forecasts," International Journal of Forecasting, Elsevier, vol. 23(1), pages 47-69.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:erc:cypepr:v:5:y:2011:i:1:p:71-85. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Shekersavva).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.