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Calculating Tobin's q from the financial statements of publicly listed companies

Tobin's q is defined as the ratio between the market value of the firm over the replacement cost of its assets. If you use WRDS, you can calculate it as follows: Tobin's q = (AT + (CSHO ∗ PRCC_F) − ...
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4 votes

What does 'establishment' mean in real estate industry?

Establishments are business locations (source). The real estate industry does not include construction (under either NAICS or SIC). It’s not really possible to tell what exactly would be included ...
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3 votes
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Converting monthly data to quarterly

I've seen them summed somewhere but I cannot exactly remember where. Ultimately I don't think that it makes much difference. The quarterly sum is just the average multiplied by three. Since local ...
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3 votes
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What was the cause of the decline in remittances sent to Pakistan between 1982 and 2000?

Perhaps more enlightening would be the reason why Remittances increased so much from 1976 to 1982, and then cooled off. 1977 was the year of a military coup in Pakistan (and the imposition of Martial ...
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3 votes

Nelson-Siegel-Svensson parameters provided by the Bundesbank

If anyone ever wonders the same, I´ve just tried weighting the monthly parameters and that leads to the correct interest rates :) you take 1 / 12 * ∑ (12 values of the respective parameter for the ...
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2 votes

COVID-19 Policy Analysis

I am not sure about a way to look at it from an economics perspective since I am no economist. However, I am someone interested in this question and looking into doing academic research into this. ...
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2 votes
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How to obtain real money balances data

There is no real good general answer for that without detailed knowledge of model you want to estimate. When it comes to $P_t$ people typically use $CPI_t$ as a proxy but when it comes to $M$ it ...
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2 votes

What percentage of utils do the top 1% pay in tax

We cannot perform the desired comparison. Namely, it's not clear that one can sum utilities over multiple individuals in a meaningful way. Utility is an ordinal measure, meaning it only cares about ...
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2 votes
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How to create/replicate Diebold's Canadian Employment Index?

Why do you think it should be the OECD data you found on FRED? 100 is a base year, not quarter (seems to be 1991 here, assuming it starts in 1962.1 because it's the average quarterly value in that ...
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2 votes

Where can I find capital outflow data?

I found the data I needed on the IMF website
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2 votes
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Which database language and database management system should an economics student learn? (Provided that one has to be learned)

First, some clarity. The standard language used for interfacing with a DBMS is SQL. However, its syntax and functions slightly vary according to the DBMS system you are interfacing with. The most ...
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1 vote

How to interpret the significance of estimates if it differs between regression models?

We interpret coefficients as "the change in the outcome that is associated with the variable increasing by 1, holding fixed all other variables". In (4), if Incidenty Type A switches from 0 ...
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1 vote

Companies database with strange negative values, are they reasonable from an economic point of view?

Sales, liabilities, total assets and capital expenditures should be logically non-negative. You should however consult metadata/manual for the dataset. Perhaps negative sales record situation where ...
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1 vote

Investment variable in GDP - Data Selection - World Bank, IMF

You can find data on GDP and its components from IMF at this link. IMF separates investment into Gross Fixed Capital Formation and Change in Inventories. If you sum these two variables together you ...
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1 vote

Is there a place to get raw consumer data?

Two sources come to my mind for USA. Both sources, as far as I can remember, are free. CES - Consumer Expenditure Survey: This has information about expenditures and incomes of consumers across USA ...
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1 vote

Opportunities for Computer Science Graduates in the Field of Economics

As a CS graduate how much struggle I am to face in this field? What will be the best way to approach this field as a newcomer? You'll probably struggle in the econometrics and statistics portion, ...
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1 vote

What percentage of utils do the top 1% pay in tax

I would argue that utility theory is unfortunately meaningless in this context. As you point out, interpersonal utility comparisons don't work, I can always multiply a utility function by 10 and it ...
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1 vote
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What does data at individual and aggregate mean?

Data aggregation is a process where you express data in some summary form. For example, if you have data on output of 10 firms for 30 years 1970-2000, and you calculate mean output for every single ...
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1 vote
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Help interpreting standard deviation

First, there are substantial reasons to believe the data is not log-normal so it would be improper to assume log-normality. So, no you should not do that. You can research the literature on youth ...
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1 vote
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What is data trapezoid form?

I got the answer from the professor after the assignment was graded during review. I am posting it here as it may help someone else in the future. Apparently, (vintage) data in trapezoid form for GDP ...
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  • 2,192
1 vote

ragged edge concept

The "ragged edge" seems to be more centered around the challenge of so-called "now-casting" -- essentially, near-real-time very-short-term fore- and back-casting -- given that information from ...
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