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Uncertainty in UK manufacturing: evidence from qualitative survey data

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Author Info
James Mitchell ()
Kostas Mouratidis ()
Martin Weale ()

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Abstract

This paper generalizes the probability method of quantification [Carlson and Parkin, Economica, 1975] to the variance facilitating the quantification of business survey data which ask individuals whether or not they are uncertain. In an application to UK manufacturing traditional time-series and cross-sectional measures of uncertainty are then evaluated and the effect of uncertainty on investment considered.

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Paper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 266.

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Date of creation: Dec 2005
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Handle: RePEc:nsr:niesrd:266

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