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On the Robustness of the Ifo Business Climate Index in Relation to Missing Values

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  • Christian Seiler

Abstract

The Ifo Institute has collected monthly data on the economic situation of companies in Germany since 1949. As in many socio-economic disciplines, direct company surveys are the tool used to collect data. A well-known phenomenon, which can occur in the surveying process, are missing data on individual questions, or even the non-completion of the entire survey. This article shows that the results of Ifo's Business Survey are very stable in terms of non-response, which does not specifically lead to a deterioration in the forecasting performance of the Business Climate Indicator.

Suggested Citation

  • Christian Seiler, 2012. "On the Robustness of the Ifo Business Climate Index in Relation to Missing Values," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(17), pages 19-22, September.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:17:p:19-22
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    References listed on IDEAS

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    1. Christian Seiler, 2015. "On the robustness of balance statistics with respect to nonresponse," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2014(2), pages 45-62.
    2. Seiler, Christian & Heumann, Christian, 2013. "Microdata imputations and macrodata implications: Evidence from the Ifo Business Survey," Economic Modelling, Elsevier, vol. 35(C), pages 722-733.
    3. Christian Seiler, 2010. "Dynamic Modelling of Nonresponse in Business Surveys," ifo Working Paper Series 93, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Beate Schirwitz & Christian Seiler & Klaus Wohlrabe, 2009. "Regional business cycles in Germany - the dating problem," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(14), pages 24-31, July.
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    Cited by:

    1. Christian Seiler & Klaus Wohlrabe, 2013. "The Ifo Business Climate and the German Economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(18), pages 17-21, October.

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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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