Aggregate versus Disaggregate Survey-Based Indicators of Economic Activity (revised January 2005)

Martin Weale () and Dr. James Mitchell ()
Authors registered in the RePEc Author Service: Richard J. Smith ()

No 194, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: Qualitative survey data are used widely to provide indicators of economic activity ahead of the publication of official data. Traditional indicators exploit only aggregate survey information, namely the proportions of respondents who report "up" and "down". This paper considers disaggregate or firm-level survey responses. It derives alternative disaggregate indicators of economic activity relating firms' categorical responses to official data using ordered discrete-choice models. An application to firm-level survey data from the Confederation of British Industry shows that the disaggregate indicators of manufacturing output growth provide more accurate early estimates of manufacturing output growth than traditional aggregate indicators.

Date: 2002-03
New Economics Papers: this item is included in nep-dcm
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.niesr.ac.uk/wp-content/uploads/2021/10/dp194-2.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:194

Access Statistics for this paper

More papers in National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Bibliographic data for series maintained by Library & Information Manager ().