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The Average Earnings Index

Chambers, Ray, Weale, Martin and Youll, Robin (2000) The Average Earnings Index The Economic Journal, 110, (461), pp. 100-121.

Record type: Article


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.

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Published date: 2000
Organisations: Social Statistics


Local EPrints ID: 34165
ISSN: 0013-0133
PURE UUID: 80d8abb7-15fd-47a9-b2ec-75b97a1d3357

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Date deposited: 26 Jul 2006
Last modified: 16 Oct 2017 00:40

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Author: Ray Chambers
Author: Martin Weale
Author: Robin Youll

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