Click here for search results
Empirical econometric evaluation of alternative methods of dealing with missing values in investment climate surveys, Volume 1
Author:Escribano, Alvaro; Pena, Jorge; Guasch, J. Luis; Country:Southern Africa; Turkey; Tanzania; India;
Date Stored:2010/06/23Document Date:2010/06/01
Document Type:Policy Research Working PaperSubTopics:Information and Records Management; Information Security & Privacy; Economic Theory & Research; E-Business; Statistical & Mathematical Sciences
Language:EnglishRegion:Europe and Central Asia; Africa; South Asia
Report Number:WPS5346Collection Title:Policy Research working paper ; no. WPS 5346
Volume No:1  

Summary: Investment climate Surveys are valuable instruments that improve our understanding of the economic, social, political, and institutional factors determining economic growth, particularly in emerging and transition economies. However, at the same time, they have to overcome some difficult issues related to the quality of the information provided; measurement errors, outlier observations, and missing data that are frequently found in these datasets. This paper discusses the applicability of recent procedures to deal with missing observations in investment climate surveys. In particular, it presents a simple replacement mechanism -- for application in models with a large number of explanatory variables -- which in turn is a proxy of two methods: multiple imputations and an export-import algorithm. The performance of this method in the context of total factor productivity estimation in extended production functions is evaluated using investment climate surveys from four countries: India, South Africa, Tanzania, and Turkey. It is shown that the method is very robust and performs reasonably well even under different assumptions on the nature of the mechanism generating missing data.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 100 pagesOfficial version*7 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: