How do China impute values.
It uses two method. One sampling method using surveys. Another they use reported number from industries.
It uses two method. One sampling method using surveys. Another they use reported number from industries.
In reported numbers, they divide enterprises above a threshold into industries, calculates ratios and apply that ratio to all registered registered enterprises in that subsector.
How does survey imputation works.
Surveys are heavily biased toward poor and lower class.
Since a lot of consumption is done by rich people, these surveys heavily underestimate household income and consumption.
Surveys are heavily biased toward poor and lower class.
Since a lot of consumption is done by rich people, these surveys heavily underestimate household income and consumption.
The more rich china got, more biased underestimated these number got
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