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Transforming Qualitative Survey Data: Performance Comparisons for the UK

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  • Ciaran Driver
  • Giovanni Urga

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.

Suggested Citation

  • Ciaran Driver & Giovanni Urga, 2004. "Transforming Qualitative Survey Data: Performance Comparisons for the UK," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(1), pages 71-89, February.
  • Handle: RePEc:bla:obuest:v:66:y:2004:i:1:p:71-89
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