What do the business tendency surveys measure, and what is their information content?
What do the business tendency surveys measure, and what is their information content?
Business and consumer surveys (BCS), or business tendency surveys (BTS), are designed to obtain qualitative information from businesses which can be provided with relatively little effort, so that they impose a low burden on the respondents. The ease of response is, however, connected with potential subjectivity which can be affected by panel conditioning effects. In this paper we review the evidence for panel conditioning, which is almost exclusively from household surveys. We report evidence from a follow up survey that a substantial proportion of respondents does respond using subjective judgement. Then we outline a state space modelling approach to identification of the rotation group bias focussing on the differences between early responses and a stable longer term response.
Business Tendency Survey, rotation group bias, panel conditioning
Ptackova, Veronika
8ce5d958-445c-465c-811c-bbb83d2e9eaf
Smith, Paul A.
a2548525-4f99-4baf-a4d0-2b216cce059c
October 2021
Ptackova, Veronika
8ce5d958-445c-465c-811c-bbb83d2e9eaf
Smith, Paul A.
a2548525-4f99-4baf-a4d0-2b216cce059c
Ptackova, Veronika and Smith, Paul A.
(2021)
What do the business tendency surveys measure, and what is their information content?
In Proceedings of the Sixth International Conference of Establishment Surveys.
11 pp
.
Record type:
Conference or Workshop Item
(Paper)
Abstract
Business and consumer surveys (BCS), or business tendency surveys (BTS), are designed to obtain qualitative information from businesses which can be provided with relatively little effort, so that they impose a low burden on the respondents. The ease of response is, however, connected with potential subjectivity which can be affected by panel conditioning effects. In this paper we review the evidence for panel conditioning, which is almost exclusively from household surveys. We report evidence from a follow up survey that a substantial proportion of respondents does respond using subjective judgement. Then we outline a state space modelling approach to identification of the rotation group bias focussing on the differences between early responses and a stable longer term response.
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Submitted date: 30 September 2021
Published date: October 2021
Keywords:
Business Tendency Survey, rotation group bias, panel conditioning
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Local EPrints ID: 452208
URI: http://eprints.soton.ac.uk/id/eprint/452208
PURE UUID: ad7d0c7e-e33d-4488-a2ee-3747d2f9fb5d
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Date deposited: 30 Nov 2021 17:31
Last modified: 17 Mar 2024 03:36
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Author:
Veronika Ptackova
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