Dr Kafu Wong ECON 1003 Analysis of Economic

Dr. Ka-fu Wong ECON 1003 Analysis of Economic Data Ka-fu Wong © 2003 Chap 13 - 1

Data corner GOALS 1. Illustrate a collection of useful and interesting data web sites. l Ka-fu Wong © 2003 Chap 13 - 2

HK Census and Statistics Department n Press Releases on Statistical Data (http: //www. info. gov. hk/censtatd/eng/press/index 2. htm l) n Population n Labour n National Income and Balance of Payments Statistics n External Trade n External Direct Investment Statistics of Hong Kong n Industrial Production n Building, Construction and Real Estate n Statistics on Vessels, Port Cargo and Containers n Price Index n Commerce A brief commentary of the data is given. Ka-fu Wong © 2003 Chap 13 - 3

HK Census and Statistics Department n Frequently Asked Statistics (http: //www. info. gov. hk/censtatd/eng/hkstat/index 1. html ) n Population and Vital Events Short series of data n Labour and Employment available in Excel n Wages and Payroll format. n National Income Refer to various n Balance of Payments Account issues of Monthly n Consumer Price Indices Digest of Statistics n External Trade or Annual Digest of n Transport Statistics for longer n Commerce and Industry historical data. n Building and Construction n Money and Finance n Other Economic and Business Statistics Ka-fu Wong © 2003 Chap 13 - 4

HK Monetary Authority Monthly Statistical Bulletin (http: //www. info. gov. hk/hkma/eng/statistics/msb/index. htm) n n n n Financial statistics summary Money Banking Money markets and debt instruments Exchange Fund Bills and Notes Exchange rates and interest rates Monetary market operation Exchange Fund and foreign currency reserves assets Data available in Excel format. Ka-fu Wong © 2003 Chap 13 - 5

The Big Brother is watching us! The Central Intelligence Agency of the United States http: //www. cia. gov/cia/publications/factbook/index. html n Introduction n Geography n People n Government n Economy n Communications n Transportation n Military n Transnational Issues On China: http: //www. cia. gov/cia/publications/factbook/geos/ch. html Ka-fu Wong © 2003 Chap 13 - 6

Historical International Stock indices on-line n http: //www. forecasts. org/data/index. htm Stock index data International Stock Indices-Monthly n Nikkei 225 Japan n DAX Germany n Hang Seng Hong Kong n FTSE 100 United Kingdom n TSE 300 Canada Ka-fu Wong © 2003 Chap 13 - 7

Datastream n A database which provides international financial, economic, stock market and company data. n Includes coverage of equities, stock market and bond indices, economic statistics, foreign exchange rates, interest rates, fixed income instruments and derivatives. n Data may be downloaded and exported and can be used to create graphics, reports and spread sheets. n Available at : HKU main Library, Standalone PCFormat n Location: Borrow from Reference Counter, Main Library Ka-fu Wong © 2003 Chap 13 - 8

International Financial Statistics (published by International Monetary Fund) n The International Finance Statistics (IFS) contains approximately 24, 000 time series for 196 countries and geographical areas. These time series cover the following sections as detailed in the IMF International Finanance Statistics Yearbook n Exchange Rates n Fund Accounts n International Liquidity n International Banking n Money and Banking n Interest Rates n Prices, Wages, Production and Employment n International Transactions n Government Finance n National Accounts and Population n Available at HKU in the Network CD system, via Winframe. Ka-fu Wong © 2003 Chap 13 - 9

Global development finance (published by the World Bank) n Provides complete and up-to-date data and analysis on the external debt and international capital flows of developing countries. n Includes: country group aggregate data and World Bank analysis, from v. 1 of Global Development Finance, and the country time series data, plus pipeline projections for 136 World Bank borrowers from v. 2. n Available at : HKU main Library n Location: Borrow from Reference Counter, Main Library Ka-fu Wong © 2003 Chap 13 - 10

The World Development Indicators (published by the World Bank) n The World Development Indicators (WDI) is the World Bank's premier annual compilation of data about development. WDI 2002 includes approx. 800 indicators in 87 tables, organized in six sections: World View, People, Environment, Economy, States and Markets, and Global Links. The tables cover 152 economies and 14 country groups-with basic indicators for a further 55 economies. n Available at : HKU main Library n Location: Borrow from Reference Counter, Main Library Ka-fu Wong © 2003 Chap 13 - 11

Organization for Economic Cooperation and Development n http: //www. oecd. org/ http: //www. oecdwash. org/DATA/online. htm n Available online in pdf format. n Gross Domestic Product n Composite Leading Indicators n Standardized Unemployment Rates n Population n Purchasing Power Parities n Short-Term Economic Statistics n Available in CD-ROM in HKU library. n OECD Main economic indicators (Historical statistics) Ka-fu Wong © 2003 Chap 13 - 12

Organization of Petroleum Exporting Countries (OPEC) OPEC production Quota distribution as of 1 February 2003. http: //www. opec. org/ Country Percentage 782, 000 3. 19 Indonesia 1, 270, 000 5. 18 Iran 3, 597, 000 14. 68 Kuwait 1, 966, 000 8. 02 Libya 1, 312, 000 5. 36 Nigeria 2, 018, 000 8. 24 635, 000 2. 59 S. Arabia 7, 963, 000 32. 5 UAE 2, 138, 000 8. 73 Venezuela 2, 819, 000 11. 51 24, 500, 000 100 Algeria Qatar Total Ka-fu Wong © 2003 Quota (b/d) Chap 13 - 13

Organization of Petroleum Exporting Countries (OPEC) Ka-fu Wong © 2003 Chap 13 - 14

Exchange rate data PACIFIC Exchange Rate Service http: //pacific. commerce. ubc. ca/xr/ n Historical daily exchange rates may be retrieved or plotted through an on-line database. n Also provided is a list of all the currencies of the world with information on each country's exchange rate regime and ISO-4217 currency code. n Note that the default based currency is Canadian dollar. Ka-fu Wong © 2003 Chap 13 - 15

Mark Six Lottery Results Archive http: //www. hongkongjockeyclub. com/english/marksix/index. htm n Results Drawn Result Archive n Numbers drawn on specific lottery days n Click on the links, you will find past announcement of results. The results include n Unit dividends of various prizes of current lottery. n Number of units for each prize n Total investment n Next lottery day n Jackpot for next lottery. n You can find the history of Mark Six Lottery and how the unit dividends are determined. Ka-fu Wong © 2003 Chap 13 - 16

Mutual funds n Get a list of fund houses: n Most search engines (such as YAHOO) includes the following categories: n Finance mutual funds http: //dir. yahoo. com/Business_and_Economy/Finance_and_Investment/Mutual_Fu nds/ http: //finance. lycos. com/home/funds/overview. asp n Or we can simply search for “mutual funds and quotes” or “list of mutual funds” under GOOGLE. n Search for, say, “invesco and prices and performance” will get us to n http: //www. invescofunds. com/Cached/Prices. Per/Inv. Share/Daily. Prices. Inv. a sp n Most fund house will provide the current and historical prices of their funds, sometimes in downloadable format. Ka-fu Wong © 2003 Chap 13 - 17

World Trade Organization n http: //www. wto. org/english/res_e/statis_e. htm n International Trade Statistics n Historical series n In excel format Ka-fu Wong © 2003 Chap 13 - 18

The Heritage Foundation n The Freedom Index n http: //www. heritage. org/research/features/index/ Ka-fu Wong © 2003 Chap 13 - 19

Bank for International Settlements n http: //www. bis. org n Cross country statistics about banking, exchange rate, etc. n International banking statistics n Consolidated banking statistics n Securities statistics n Derivatives statistics n Triennial foreign exchange and derivatives survey 2001 n Joint BIS-IMF-OECD-World Bank Statistics on External Debt Ka-fu Wong © 2003 Chap 13 - 20

Bank of Japan n http: //www. boj. or. jp/en/ n Contains data that are extracted from the Financial and Economic Statistics Monthly n Money, Banking and Securities n Real Economy n Prices, Public Finance, Balance of Payments, Customs Clearance, Economic Forecasts and International Statistics n In pdf format n http: //www 2. boj. or. jp/en/dlong. htm n Long term time series data n Text format Ka-fu Wong © 2003 Chap 13 - 21

Mutual funds n The Investment Company Institute (ICI) http: //www. ici. org/site_map. html is the national association of the American investment company industry. Founded in 1940, its membership includes 8, 938 mutual funds, 535 closed-end funds, and six sponsors of unit investment trusts. n Most local newspapers (such as SCMP and HK Economic Times) publish price quotes of mutual funds. Ka-fu Wong © 2003 Chap 13 - 22

Concatenating two CPI series of different base year n Many indexes will change base year every now and then. An example is CPI is re-based every five years using the result of Household Expenditure Survey (conducted every five years). n Fortunately, when the base year is changed, the statistics authority will generally give an overlap of the indexes based on two base years. n Example: n CPI with base year 1994 is 105 for 1995, 110 for 1996 and 120 for 1997. n CPI with base year 1999 is 98 for 1997, 102 for 1998, 100 for 1999, and 99 for 2000. n The two series can be concatenated into one because there is one overlap year: 1997. 120 with base year 1994 is the same as 98 with base year 1999. n To create CPI series with base year 1994, we simply need to multiple all the series with base year of 1999 by 120/98. That is, 105 for 1995, 110 for 1996, 120 for 1997, 102*120/98 for 1998, 100*120/98 for 1999 and 99*120/98 for 2000, so on. Ka-fu Wong © 2003 Chap 13 - 23

Data Corner - END - Ka-fu Wong © 2003 Chap 13 - 24