Quantification of qualitative data using ordered probit models with an application to a business survey in the German service sector
AbstractThis paper aims at providing business survey analysts with simple econometric tools to quantify qualitative survey data. We extend the traditional and commonly applied method proposed by Carlson and Parkin (1975) to capture observable survey respondent heterogeneity. We also discuss specification tests. The empirical analysis is based on business survey data taken from the ZEW's 'Service Sector Business Survey', a quarterly business survey in the German business-related service sector carried out since 1994. --
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Bibliographic InfoPaper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 00-58.
Date of creation: 2000
Date of revision:
quantification technique; ordered probit; specification tests;
Find related papers by JEL classification:
- L8 - Industrial Organization - - Industry Studies: Services
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
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