Economic preprocessor: Difference between revisions
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' Go to total govt expenditures and filling holes when have data in order to compute local govt<br/>' When do not have total and therefore ability to compute local govt,<br/>' estimate at 2-14% of GDP (OECD gap between total and central is 14%)<br/>' North, Walli, Weingast p. 10 have table showing grows from 1-2% to 16% | <span style="color: rgb(0, 128, 0);">' Go to total govt expenditures and filling holes when have data in order to compute local govt<br/>' When do not have total and therefore ability to compute local govt,<br/>' estimate at 2-14% of GDP (OECD gap between total and central is 14%)<br/>' North, Walli, Weingast p. 10 have table showing grows from 1-2% to 16%</span> | ||
Use SeriesGovtCalcExpendTot%GDP to initialize total government expenditures. If null, then use SeriesGovTotalOutlays%GDP | Use SeriesGovtCalcExpendTot%GDP to initialize total government expenditures. If null, then use SeriesGovTotalOutlays%GDP | ||
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If IsNull(CGovTotExp) Then<br/> CGovExpLocal(ICount%) = 2 + 12 * Amin(20, CGDPPCP(ICount%)) / 20<br/> Else<br/> CGovExpLocal(ICount%) = AMAX(1, CGovTotExp - GovExpCentral)<br/> End If | If IsNull(CGovTotExp) Then<br/> CGovExpLocal(ICount%) = 2 + 12 * Amin(20, CGDPPCP(ICount%)) / 20<br/> Else<br/> CGovExpLocal(ICount%) = AMAX(1, CGovTotExp - GovExpCentral)<br/> End If | ||
CGovExp(ICount%) = GovExpCentral + CGovExpLocal(ICount%) 'Add Central plus local to get total | CGovExp(ICount%) = GovExpCentral + CGovExpLocal(ICount%) <span style="color: rgb(0, 128, 0);">'Add Central plus local to get total</span> | ||
=== Central government revenue === | |||
Revision as of 22:27, 2 May 2016
There are 72 series marked as "economic" in the "group" field that are read into the preprocessor. Most of them come from World_Development_Indicators (WDI). There are quite a few series marked as "IMF GFS 2013 BATCH PULL". There are a lot of data on the informal economy from ILO-WIEGO. Cyber data also appears to be read into DataEcon.
Sources
IMF, ILO, WDI, Global Trade Analysis Project (GTAP)
Economic series used in preprocessor
This table was created by filtering DataDict (7.20) by "Used in preprocessor" and then choosing the following "Group" names: Economic; Economic, infrastructure; Economic, SocioPolitical; Economic, Trade. Sorted by "Last IFs Update".
| Table | Group | Definition | Source | Last IFs Update | UsedInPreprocessor | Years |
|---|---|---|---|---|---|---|
| SeriesVaddICT%GDP | Economic, Infrastructure | Total ICT market share as % of GDP | Information Society Statistics Pocketbook 2001 | Yes | ||
| SeriesGDP2003PPP | Economic | GDP (PPP) | CIA (original partly World Bank); extended by Evan Hillebrand | 2004/07 | Yes | |
| SeriesGDP2000PCPPP | Economic | GDP per capita (constant 2000 PPP International $) | CIA and constructed (original mostly World Bank) | 2012/02/24 | Yes | |
| SeriesGovtCalcEdCen%GDP | Economic | Education spending, government, Central government, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcEdTot%GDP | Economic | Education spending, government, total, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcExpendCen%GDP | Economic | Expenditure, government, Central government, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcExpendTot%GDP | Economic | Expenditure, government, total, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcHealthCen%GDP | Economic | Health spending, government, Central government, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcHealthTot%GDP | Economic | Health spending, government, total, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcRevCen%GDP | Economic | Revenue, government, Central government, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGovtCalcRevTot%GDP | Economic | Revenue, government, total, as % of GDP | IMF GFS 2013 BATCH PULL | 2013/12/20 | Yes | |
| SeriesGDP2005PCPPP | Economic | GDP per capita (constant 2005 PPP International $) | WDI 2013; extrapolated based on previous GDP_PCPPP2005 values in IFs; extrapolated based on CIA Factbook; taken directly from CIA Factbook; taken directly from previous GDP_PCPPP2005 values in IFs | 2013/12/23 | Yes | |
| SeriesGDPInformal%Elgin | Economic | Informal economy as % of GDP, from Elgin and Oztunali (2012) | Available at: http://www.econ.boun.edu.tr/public_html/RePEc/pdf/201205.pdf | 2014/04/04 | Yes | |
| SeriesLaborInformal%TotalFemaleWB | Economic | Labor, informal, as a share of total, female | World Bank Gender Statistics | 2014/04/28 | Yes | |
| SeriesLaborInformal%TotalMaleWB | Economic | Labor, informal, as a share of total, male | World Bank Gender Statistics | 2014/04/28 | Yes | |
| SeriesLaborInformal%TotalAllBlended | Economic | Labor, informal, as a share of total, all, blended from ILO-WIEGO and World Bank | Blended from ILO-WEIGO and calculated World Bank | 2014/10/21 | Yes | |
| SeriesGDPInformal%Blended | Economic | Informal economy as % of GDP, blended from 2 sources (UNECE, Schneider and Elgin) | UNECE, "Non-Observed Economy in National Accounts: Survey of Country Practices"; http://rru.worldbank.org/Documents/PapersLinks/informal_economy.pdf; http://www.econ.boun.edu.tr/public_html/RePEc/pdf/201205.pdf | 2015/01/13 | Yes | |
| SeriesLaborInformalFemale%FormalSec | Economic | Female employment as a % of informal formal sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalFemale%HHInformal | Economic | Female employment as a % of informal household sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalFemale%InformalSec | Economic | Female employment as a % of informal informal sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalFormSec%TotalInformal | Economic | Formal sector as a % of total informal employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalHH%TotalInformal | Economic | Household sector as a % of total informal employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalInfSec%TotalInformal | Economic | Informal sector as a % of total informal employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalMale%FormalSec | Economic | Male employment as a % of informal formal sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalMale%HHInformal | Economic | Male employment as a % of informal household sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesLaborInformalMale%InformalSec | Economic | Male employment as a % of informal informal sector employment | ILO-WIEGO | 2015/03/10 | Yes | |
| SeriesAidRec%GNI | Economic | Official development assistance and official aid, net, % of GNI | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesAidRecGrant%Total | Economic | Official development assistance and official aid, grants and other revenue, current LCU | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesArmsImp%TotImp | Economic, Trade | Arms imports (SIPRI trend indicator values) | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesExportGoodSer% | Economic, Trade | Exports of goods and services as % of GDP | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesExportServices | Economic | Exports of services (BoP, current currency) | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesExportsMerchandise | Economic | Exports of merchandise (current currency) | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesGDPCurDol | Economic | Gross Domestic Product in Current US$ | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesGovCon%GDP | Economic | Government (general) final consumption as % of GDP | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesHouseCon%GDP | Economic | Household final consumption expenditure as percent of GDP | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesImportGoodSer% | Economic | Imports of goods and services as % of GDP | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesImportServices | Economic, Trade | Imports of services (current currency) | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesImportsMerchandise | Economic | Imports of merchandise (current currency) | WDI BATCH PULL | 2015/07/14 | Yes | |
| SeriesVaddAg% | Economic | Value added in agriculture as percent of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesVaddInd% | Economic | Value added in industry as percent of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesVaddMan% | Economic | Value added in manufacturing as percent of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesVaddSer% | Economic | Value added in services as percent of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXCurActBal%GDP | Economic | Current account balance (% of GDP) | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXDebt | Economic | External long-term (more than 1 year) debt: public, publically guaranteed and priv nonguaranteed | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXDebtPNG%GDP | Economic | External debt, private non-guaranteed, as percentage of gross domestic product | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXDebtPPG%GDP | Economic | External debt, public and publicly guaranteed, as percentage of gross domestic product | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFDIInflows%GDP | Economic | Foreign direct investment net inflow as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFDIOutflows%GDP | Economic | Foreign direct investment net outflow as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFlowsIBRD%GDP | Economic | Net flows from IBRD as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFlowsIDA%GDP | Economic | Net flows from IDA as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFlowsIMFCon%GDP | Economic | Net concessional flows from IMF as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXFlowsIMFNonCon%GDP | Economic | Net nonconcessional flows from IMF as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXIMFCredit%GDP | Economic | IMF credits as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXIncPayments%GDP | Economic | Income payments as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXIncReceipts%GDP | Economic | Income receipts as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXPortBonds%GDP | Economic | Portfolio investment in bonds (PPG and PNG) as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXPortEquity%GDP | Economic | Portfolio investment in equity as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXReserves%GDP | Economic | Gross international reserves as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXWBLoans%GDP | Economic | IBRD loans and IDA credits as % of GDP | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXWorkerRemitPaid | Economic, SocioPolitical | Worker remittances by country where paid | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesXWorkerRemitReceived | Economic, SocioPolitical | Worker remittances received by home country | WDI BATCH PULL | 2015/07/15 | Yes | |
| SeriesInvestGrCapForm%GDP | Economic | Gross capital formation (Investment), percent of GDP | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLabor | Economic | Labor force size | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLaborAgr%TotFemale | Economic | Employees, agriculture, female as % of female employment | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLaborAgr%TotMale | Economic | Employees, agriculture, males as % of male employment | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLaborFemale% | Economic | Portion of labor force made up by women | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLaborSecInd%Tot | Economic | Labor in industry as % of total | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesLaborSecSer%Tot | Economic | Labor in services as % of total | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesOresMetsEx%MerchEx | Economic | Ores and Metals exports as % of merchandise exports | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesOresMetsIm%MerchIm | Economic | Ores and Metals imports as % of merchandise imports | WDI 2015 BATCH PULL | 2015/07/22 | Yes | |
| SeriesGDP2011 | Economic | Gross Domestic Product in 2011 constant dollars | WDI - Caluclated from WDI and other sources; IMF WEO 2013 Real GDP Growth Rates for 2010-2014; CIA factbook for some countries (e.g., PRK; SSD; SOM); WEO (Taiwan); ERS; Gaps filled using growth rates from ERS or previous version of IFs | 2015/09/18 | Yes | |
| SeriesGDP2011PCPPP | Economic | GDP per capita (constant 2011 PPP International $) | WDI - calculaed from WDI and other sources; extrapolated based on previous GDP_PCPPP2005 values in IFs; extrapolated based on CIA Factbook; taken directly from CIA Factbook; taken directly from previous GDP_PCPPP2005 values in IFs | 2015/09/18 | Yes |
Social Accounting Matrix
Initialize government consumption
SeriesGovCon%GDP is used to initalize government consumption.
If this data point is null for a country, it is estimated using the equation: "GDP/Capita (PPP) Versus Govt Cons % GDP (" & CStr(BaseYear) & ")", which is an equation estimated using GDP per capita (PPP) and government consumption as a percent of GDP from the Base Year. This value is then bound between 9 and 35.
Sum up government consumption from sectors. Set GovCon as the max of GovCon and the GovCon calculated as the sum of sectors. Again bound between 9 and 35.
Central government expenditures
According to the philosophy of the code, data on government consumption and expenditures are "pretty good" we use these to organize initial SAM structure."
GovtExpCentral is initialized using SeriesGovExpense%GDP. If null, this series is also estimated using GDP per capita using a similar formula above:
Code says:
' Go to total govt expenditures and filling holes when have data in order to compute local govt
' When do not have total and therefore ability to compute local govt,
' estimate at 2-14% of GDP (OECD gap between total and central is 14%)
' North, Walli, Weingast p. 10 have table showing grows from 1-2% to 16%
Use SeriesGovtCalcExpendTot%GDP to initialize total government expenditures. If null, then use SeriesGovTotalOutlays%GDP
Hard code 46 in for Ireland in 2010 because of bailout.
If no data on total expenditures still, then we cannot estimate local so we use this equation:
If IsNull(CGovTotExp) Then
CGovExpLocal(ICount%) = 2 + 12 * Amin(20, CGDPPCP(ICount%)) / 20
Else
CGovExpLocal(ICount%) = AMAX(1, CGovTotExp - GovExpCentral)
End If
CGovExp(ICount%) = GovExpCentral + CGovExpLocal(ICount%) 'Add Central plus local to get total