Insights into business confidence from firm-level panel data

Silverstone, Brian; Mitchell, James

Insights into business confidence from firm-level panel data

dc.contributor.author	Silverstone, Brian
dc.contributor.author	Mitchell, James
dc.date.accessioned	2008-12-15T01:53:41Z
dc.date.available	2008-12-15T01:53:41Z
dc.date.issued	2005-12
dc.description.abstract	Business confidence announcements attract widespread attention, yet relatively little is known about the series itself. What, for example, does an improvement or deterioration in business confidence mean? We consider this question using a panel of firm-level responses to a business opinion survey that includes a question on business confidence. We relate the confidence responses of the firms to microeconomic and macroeconomic variables that have a direct interpretation and, as a result, determine the variables that firms associate with business confidence. Our analysis of firm-level data reveals that what firms associate with business confidence changes over time and means different things to different firms. Consequently, it is not immediately apparent what a change in business confidence actually means.	en_US
dc.format.mimetype	application/pdf
dc.identifier.citation	Silverstone, B. & Mitchell, J. (2005). Insights into business confidence from firm-level panel data. (Department of Economics Working Paper Series, Number 9/05). Hamilton, New Zealand: University of Waikato.	en_US
dc.identifier.uri	https://hdl.handle.net/10289/1641
dc.language.iso	en
dc.publisher	Department of Economics, University of Waikato	en_NZ
dc.relation.ispartofseries	Department of Economics Working Paper Series
dc.subject	business confidence	en_US
dc.subject	business surveys	en_US
dc.subject	polychoric correlation	en_US
dc.subject	New Zealand	en_US
dc.title	Insights into business confidence from firm-level panel data	en_US
dc.type	Working Paper	en_US
pubs.elements-id	53075
uow.relation.series	9/05