Transforming Qualitative Survey Data: Performance Comparisons for the UK

• Autores: Ciaran Driver, Giovanni Urga
• Localización: Oxford bulletin of economics and statistics, ISSN 0305-9049, Vol. 66, Nº. 1, 2004, págs. 71-89
• Idioma: inglés
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• Resumen

  • 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.