The Average Earnings Index
Chambers, Ray, Weale, Martin and Youll, Robin (2000) The Average Earnings Index. The Economic Journal, 110, (461), 100-121. (doi:10.1111/1468-0297.00509).
Full text not available from this repository.
Survey data are widely used to provide indicators of economic activity ahead of the publication of offcial data. This paper proposes an indicator based on a theoretically consistent procedure or quantifying firm-level survey responses that are ordered and categorical. Firms' survey responses are assumed to be triggered by a latent continuous random variable as it crosses thresholds.
Breaking tradition these thresholds are not assumed time invariant. An application to firm-level survey data from the Confederation of British Industry shows that the proposed indicator of manufacturing output growth outperforms traditional indicators that assume timeinvariant thresholds.
|Digital Object Identifier (DOI):||doi:10.1111/1468-0297.00509|
|Subjects:||H Social Sciences > HB Economic Theory
H Social Sciences > HA Statistics
|Divisions :||University Structure - Pre August 2011 > School of Social Sciences > Social Statistics
|Accepted Date and Publication Date:||
|Date Deposited:||26 Jul 2006|
|Last Modified:||31 Mar 2016 12:01|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
Actions (login required)