The MIMIC–CUB Model for the Prediction of the Economic Public Opinions in Europe
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To study the Europeans’ perception on the economic conditions, a model that combine Multiple Indicators Multiple Causes (MIMIC) and Combination of Uniform and shifted Binomial (CUB) is proposed. The MIMIC–CUB Model, estimated at country-level using the Partial Least Squares, specifies the influence of the economic forecast news on a latent variable named “Citizens’ perception of the European economics health state”. The survey is related, at both national and EU level, to the period 2005–2014.
KeywordsMIMIC Model CUB Model Macro-economic indicators Eurobarometer public opinion survey Economic crisis
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