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Change of Methodology in the Costa Rica Consumer Confidence Survey

Author

Listed:
  • Madrigal-Pana, Johnny
  • Flores-Alvarado, Sebastián
  • Benavides-Prado, María Fernanda
  • Fiallos-Gonzáles, Manuel

Abstract

In May 2019, the methodology of the Consumer Confidence Survey was modified, changing from fixed to mobile telephony, so the previous four surveys were conducted with both methods to investigate the effect on the Consumer Confidence Index (ICC), among other statistics of interest. In three of the surveys no evidence of differences in the magnitudes of the ICC was found. In addition, the decrease in confidence recorded by the index from May to November was with both types of survey (-16,8 points with the fixed and -16,0 points with the mobile) and the increase in confidence in the following surveys was similar (6,6 and 6,4, respectively). It is concluded that, in general, the magnitude of the ICC estimates, and other indicators of interest, is similar using both methodologies and also reproduces the same trend.

Suggested Citation

  • Madrigal-Pana, Johnny & Flores-Alvarado, Sebastián & Benavides-Prado, María Fernanda & Fiallos-Gonzáles, Manuel, 2020. "Change of Methodology in the Costa Rica Consumer Confidence Survey," Revista de Ciencias Económicas, Instituto de Investigaciones en Ciencias Económicas, Universidad de Costa Rica, vol. 38(1), December.
    • Handle: RePEc:rce:rvceco:38671
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    File URL: https://revistas.ucr.ac.cr/index.php/economicas/article/view/38671
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