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Performance of structural change indices: analysis using real and simulated data

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  • Ciaran Driver
  • Chit-Wei Saw

Abstract

This note reports the results of a computer simulation exercise with two commonly used indices of structural change: the Michaely/Stoikov index and the Lilien index. The performance of the indicators in measuring structural change is compared. The base data used in the simulations are employment numbers in 23 UK industries 1948-85 The effects of different levels of aggregation and different differencing periods are noted.

Suggested Citation

  • Ciaran Driver & Chit-Wei Saw, 1996. "Performance of structural change indices: analysis using real and simulated data," Applied Economics Letters, Taylor & Francis Journals, vol. 3(3), pages 187-188.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:3:p:187-188
    DOI: 10.1080/135048596356654
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    Cited by:

    1. Andreas Dietrich, 2012. "Does growth cause structural change, or is it the other way around? A dynamic panel data analysis for seven OECD countries," Empirical Economics, Springer, vol. 43(3), pages 915-944, December.
    2. Weiss, Christoph R., 2001. "On flexibility," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 347-356, November.
      • Weiss, Christoph R. & Briglauer, Wolfgang, 2000. "On flexibility," FE Working Papers 0003, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    3. Weiss, Christoph R., 1999. "Flexibility In Agriculture," 1999 Annual meeting, August 8-11, Nashville, TN 21502, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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