Transforming Qualitative Survey Data: Performance Comparisons for the UK

Ciaran Driver and Giovanni Urga

Oxford Bulletin of Economics and Statistics, 2004, vol. 66, issue 1, 71-89

Abstract: 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.

Date: 2004
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https://doi.org/10.1111/j.1468-0084.2004.00070.x

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