QSBOQuarterly Survey of Business Opinion (New Zealand)
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Using a Markov-switching model, we now evaluate the ability of each QSBO indicator (MSW, PES or BAL) to explain the inferred probability of being in a recessionary or expansionary regime.
(1996), 'The Carlson-Parkin method applied to New Zealand price expectations using QSBO survey data', Economics Letters, 51, pp.
Over the period 2006-2012 our estimates of matching efficiency are not inconsistent with developments in the QSBO "ease of finding skilled workers" measure when compared with the unemployment rate itself (figure 1).
To the extent that demand for skilled workers remains strong, as the QSBO would suggest, this net outflow of prime age workers would be consistent with the estimated decline in matching efficiency.
Canterbury respondents to the QSBO now expect to do more investment in buildings and plant and machinery than respondents in the rest of the country (figure 15).
This increased difficulty in finding labour is also apparent in the QSBO survey, and has been mentioned by businesses in the region visited by the Bank as part of its quarterly liaison round.
The evidence is from the Quarterly Survey of Business Opinion (QSBO).
This is followed by a range of empirical questions regarding price changes in New Zealand using firm-level data from QSBO. The final sections contain our conclusions and directions for further research.
The analysis of the QSBO survey is presented as a series of questions and answers.
Manufacturing and building sector respondents to the QSBO (2) are asked:
However, during the 43-year history of the QSBO, there have been significant changes to the sample and range of businesses covered, as well as the methodology used to weight the results of different sized firms.
The initial QSBO survey in June 1961 was restricted to 100 manufacturing and building firms drawn from the pool of NZIER members at the time.