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Total Economy Database

6,710 bytes added, 23:02, 21 October 2017
Reception
==Summary==
 
==Glossary==
 
Various acronyms and terms are used in the Total Economy Database spreadsheets and documentation. Since there seems to be no unified place for these on the Conference Board website, we collect them here.
 
{| class="sortable wikitable"
|-
! Term !! Expansion !! Meaning !! Examples
|-
| EKS || Eltetö–Köves–Szulc<ref>{{cite web |url=http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.423.3946&rep=rep1&type=pdf |title=Understanding PPPs and PPP-based national accounts |first1=Angus |last1=Deaton |first2=Alan |last2=Heston |date=November 2009 |accessdate=October 21, 2017 |archiveurl=https://web.archive.org/web/20171021193202/http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.423.3946&rep=rep1&type=pdf |archivedate=October 21, 2017 |dead-url=no}}</ref><ref>{{cite web |url=https://stats.oecd.org/glossary/detail.asp?ID=5525 |author=OECD Statistics Directorate |title=OECD Glossary of Statistical Terms - EKS method Definition |accessdate=October 21, 2017 |quote=A multilateral method developed by O. Elteto, P. Koves and B. Szulc [Schultz] that computes the nth root of the product of all possible Fisher indexes between n countries. It has been used at the detailed heading level to obtain heading parities, and also at the GDP level. EKS has the properties of base-country invariance and transitivity. }}</ref> ||
|-
| ICT ||
|-
| GK || Geary&ndash;Khamis ||
|-
| LP || Labor productivity ||
|-
| EMP || Employment || Just a shortened form of "employment", used in some sheet names. || N/A
|-
| XR || Exchange rate
|-
| Original || N/A ||
|-
| Adjusted || N/A ||
|-
| gr || Growth ||
|-
| TFP || Total Factor Productivity ||
|}
==Versions==
As of October 2017, there have been nine releases of the Total Economy Database. Each release of the database comes in the form of two or three spreadsheets (and sometimes release notes and supplementary data files). These are "Output, Labor, and Labor Productivity", "Growth Accounting and Total Factor Productivity", and "Regional Aggregates". The following spreadsheets are listed in the archive, available through the "Data" page, or available on the Internet Archive:<ref>{{cite web |url=https://www.conference-board.org/data/economydatabase/index.cfm?id=30565 |title=Total Economy Database Archive |accessdate=October 17, 2017}}</ref><ref>{{cite web |url=https://www.conference-board.org/data/economydatabase/index.cfm?id=27762 |title=Total Economy Database Data |accessdate=October 18, 2017}}</ref><ref>{{cite web |url=https://www.conference-board.org/data/economydatabase/ |title=The Conference Board Total Economy Database |publisher=The Conference Board |accessdate=October 21, 2017 |archiveurl=https://web.archive.org/web/20100708232452/https://www.conference-board.org/data/economydatabase/ |archivedate=July 8, 2010 |dead-url=noyes}}</ref>
{| class="sortable wikitable"
| Output, Labor, and Labor Productivity Country Details || January 2010 ||1950–2009
|-
| Growth Accounting and Total Factor Productivity Country Details || January 2010 || 1980-20081980–2008
|-
| Regional Aggregates || January 2010 ||1990–2010
|-
| Output, Labor, and Labor Productivity || January 2011 || 1950–2010
==Devec database==
All versions of the Total Economy Database available on the Conference Board website as of October 2017 have been imported into the devec database.<ref>{{cite web |url=https://github.com/riceissa/total-economy-database |publisher=GitHub |title=riceissa/total-economy-database |accessdate=October 20, 2017}}</ref>
In the devec database, use <code>name = 'Total Economy Database'</code> to find releases of the Total Economy Database:
==Data description==
 
=== Data dimensions and metrics ===
 
The data presented in the Total Economy Database are a partial function where:
 
* The inputs (the dimensions) are region (country or aggregate region) and year.
* The metrics include:
** Population
** GDP
** GDP per capita
** Total annual hours worked
 
====Year dimension====
 
Each spreadsheet has a year range that it covers. The start year is 1950, 1980, or 1990 in most cases, and the end year is the publication year or 1&ndash;2 years prior to publication. Even if a year is covered in the spreadsheet, some values may be missing depending on the region and metric.
 
====Region dimension====
 
The region dimension includes most modern countries. For China, there are "official" and "alternative" versions. For regional aggregates spreadsheets, a "Country / Region" is given, usually with a broader region than just a country (e.g. "Latin America", "Middle East & North Africa", "Europe", "{{W|EU-15}}", "OECD").
 
====Other information====
 
At least one spreadsheet uses italics, but I forgot which one and for what meaning.
==Data sources==
==People==
 
The Total Economy Database section of the Conference Board website does not list the names of the people who work on the database, nor does it make any acknowledgments other than for the data sources it uses.
 
Perhaps the authors of <ref>{{cite web |url=https://www.conference-board.org/pdf_free/Productivity_TED.pdf |title=Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database |first1=Vivian |last1=Chen |first2=Abhay |last2=Gupta |first3=Andre |last3=Therrien |first4=Gad |last4=Levanon |first5=Bart |last5=van Ark |accessdate=October 21, 2017}}</ref> have something to do with TED.
 
From the biography for Klaas de Vries: "De Vries is part of the productivity and growth research team and manages various database revisions and updates, such as the annual update of the Total Economy Database™, which covers indicators that measure the current and historical performance of labor and capital productivity for over 120 countries."<ref>{{cite web |url=https://www.conference-board.org/bio/index.cfm?bioid=3622 |title=Klaas de Vries |accessdate=October 21, 2017}}</ref>
 
Abdul A. Erumban is listed as a contact on the TED part of the Conference Board website.
 
The "Global Economy" experts listed on the Conference Board website are also possible.<ref>{{cite web |url=https://www.conference-board.org/about/index.cfm?id=1976 |title=Our Experts: Bringing your issues into focus |accessdate=October 21, 2017}}</ref> Bart van Ark in particular has ties to the University of Groningen.
 
A press release lists Bart van Ark as a contact.<ref>{{cite web |url=https://www.conference-board.org/press/pressdetail.cfm?pressid=7081 |title=Global Productivity: Decade-Long Decline Comes to a Halt |date=May 17, 2017 |accessdate=October 21, 2017}}</ref>
 
Wikipedia [[wikipedia:The Conference Board|lists]] 250 employees for the Conference Board (but does not give a citation), which might be useful in determining an upper bound of the person-hours spent preparing the database per year.
==Reception==
! Person !! Affiliation !! Qualification !! Opinion
|-
| [[Paul Krugman]]<ref>{{cite web |url=https://krugman.blogs.nytimes.com/2013/04/26/debt-and-growth-data/ |author=Paul Krugman |date=April 26, 2013 |title=Debt and Growth Data |publisher=Paul Krugman Blog |accessdate=October 20, 2017}}</ref> || ''New York Times '' || Economist, columnist || Calls it "the easy source for 1950 onwards" for obtaining GDP data, and cites the database several times in blog posts<ref>{{cite web |url=https://www.google.com/search?q=%22Total%20Economy%20Database%22%20site%3Akrugman.blogs.nytimes.com |title="Total Economy Database" <nowiki>site:krugman.blogs.nytimes.com</nowiki> |website=Google Search |accessdate=October 20, 2017}}</ref>|-| Martin Wolf<ref>{{cite web |url=https://www.ft.com/content/cd1c369c-84c7-11e6-8897-2359a58ac7a5 |title=Economic ills of the UK extend well beyond Brexit |date=September 29, 2016 |publisher=[[wikipedia:Financial Times|Financial Times]] |author=Martin Wolf |accessdate=October 21, 2017}}</ref> || ''Financial Times'' || Economics commentator<ref>{{cite web |url=https://www.ft.com/comment/columnists/martin-wolf |title=Martin Wolf |publisher=[[wikipedia:Financial Times|Financial Times]] |accessdate=October 21, 2017}}</ref> || Calls the database "invaluable".|-| Max Roser<ref>{{cite web |url=https://ourworldindata.org/economic-growth#data-sources |publisher=Our World in Data |title=Economic Growth § Data Sources |year=2017 |accessdate=October 21, 2017}}</ref> || ''Our World in Data'' || Economist || Lists the database as one of the data sources for GDP.|-| Lots of folks<ref>{{cite web|url = https://www.mckinsey.com/global-themes/americas/a-tale-of-two-mexicos|title = A tale of two Mexicos: Growth and prosperity in a two-speed economy|last = Bolio|first = Eduardo|last2 = Remes|first2 = Jaana|last3 = Lajous|first3 = Tomás|last4 = Manyika|first4 = James|last5 = Ramirez|first5 = Eugenia|last6 = Rossé|first6 = Morten|publisher = [[McKinsey & Company]]}}</ref> || [[McKinsey & Company]] || Consultants, maybe with economics specialization || Useful (and hence used) "for country productivity numbers, which can be compared across nations going back to 1950."|-| Brink Lindsey<ref>{{cite web|url = https://object.cato.org/sites/cato.org/files/pubs/pdf/pa737_web_1.pdf|title = Why Growth is Getting Harder|last = Lindsey|first = Brink|publisher = [[Cato Institute]]}}</ref> || [[Cato Institute]] || Think tank researcher with interest in growth economics || Useful for comparing annual growth in real GDP per capita between the periods 1973 to 1990 and 1990 to 2007.
|}

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