Future Directions for International Data Iassist 2010 ESDS International Mimas, University of Manchester Richard Wiseman Celia Russell Susan Noble
Dec 22, 2015
Future Directions for International Data
Iassist 2010
ESDS InternationalMimas, University of Manchester
Richard WisemanCelia RussellSusan Noble
What we will cover
• ESDS International
• ESDS International log analysis
• Global Financial Crisis Overview
• GDP Limits
• Stiglitz Commission
ESDS International
• provides free web-based access to key international macro level databanks, only for UK Academic institutions
• helps users locate and acquire international micro level datasets
• promotes the use of international datasets in research and teaching across a range of disciplines
• is run by Mimas at the University of Manchester and the UK Data Archive at the University of Essex
Building an international data community
• Hosts 37 major intergovernmental databanks
• Over UK 200 universities• Over 26,000 individual users• Average download 90,000 cells• Over 500,000 data analysis
sessions• Supporting website used
worldwide
Analysis of ESDS International logs: Countries
• http://esds.ac.uk/international/news/mapusage.asp
India
United Kingdom
Mexico
Brazil
South Africa
Ghana
Nigeria
Kenya
China
United States
Indonesia
India United Kingdom Mexico Brazil South Africa Ghana Nigeria Kenya China United States
Foreign direct investmentLand useFood exportsFinal consumption expenditureAdjusted net savings
Source: ESDS International World Bank web server logs
http://esds.ac.uk/international/news/publications.asp
India popular Series (Analysis of ESDS International logs)
1. Foreign direct investment, net inflows (BoP, current US$)2. Foreign direct investment, net inflows (% of GDP)3. Forest area (% of land area)4. Food exports (% of merchandise exports)5. Final consumption expenditure etc (% of GDP)6. Personal computers7. Incidence of tuberculosis (per 100, 000 people)8. Financing via international capital markets (gross, % of GDP)9. Food beverages and tobacco (% of value added in
manufacturing)10.GDP per capita, PPP (current international $)
http://esds.ac.uk/international/news/publications.asp
Data liberation
• Increasing trend for making data freely available (e.g. World Bank)
• Increased audience
• Foster innovation
Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland
Office for National Statistics, Time Series Data (Edition March 2010), ESDS International, (Mimas) University of Manchester
International Monetary Fund (IMF), World Economic Outlook, April 2008 Edition and October 2008 Edition, ESDS International, (Mimas) University of Manchester
Icelandic Current Account Balance Predictions
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April 08Predictions
October 08Predictions
Case Study:Comparing Early Warning Systems for
Banking Crises
• Dilruba Karim, Philip Davis, Brunel University
• Data from IMF and World Bank • Used standard models to generated
probabilities of banking crises • Found these models gave no
significant increase in crisis probabilities in the two years preceding the sub-prime episode
• Which leads us onto…
http://www.esds.ac.uk/international/casestudies/
Creation of a Commission
• President Sarkozy created a commission to look at the issues led by Joseph Stiglitz– Limits of GDP– More relevant indicators of social progress– Feasibility of alternative measurement tools
Commission Conclusions: Economy
• Look at income and consumption rather than production
• Give more prominence to distribution of income, consumption and wealth
• Household income and consumption
• Broaden income measures to non-market activities
Commission Conclusions: Quality of life
• Data on subjective well-being (evaluation of one’s life)
• Objective conditions and opportunities (health, education, political voice)
Commission Conclusions:Sustainable Development &
Environment
• Need projections as well as observations
• Global issue that goes beyond national boundaries
• An “alert” to unsustainable situations
Easter Island
• Are we measuring the right thing?
• What we measure must be sustainable!
Photo by: vtveen, Creative Commons, Flickr
Global Project
• Hosted by the OECD
• Seeks to become reference point for those who wish to measure, and assess the progress of their societies
• Not just discussion, action
Conclusions
• Removal of barriers to data access
• Fundamental shift needed on how we measure progress
• Dashboard of indicators needed