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A Note on the Carlson-Parkin Method of Quantifying Qualitative Data

Christian Mueller, Aniela Wirz and Nora Sydow

No 07-168, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: Qualitative surveys enjoy huge popularity among business cycle analysts and research institutes since they provide fast information on the stance of the economy. However, in order to derive quantitative statements researchers have to rely on assumptions about the relation between quantitative and qualitative information. This paper introduces a micro data set that combines individual quantitative and qualitative information and presents first tests of common assumptions. It suggests a modifcation of the Carlson and Parkin (1975) method and a solution to the zero response problem.

Keywords: Rational expectations; Quantification; Survey data (search for similar items in EconPapers)
Pages: 29 pages
Date: 2007-06
New Economics Papers: this item is included in nep-bec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://dx.doi.org/10.3929/ethz-a-010805506 (application/pdf)

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