what's the use of '% to gdp' type of variables? The Next CEO of Stack OverflowWhy does entitlements leads to lower US productivity?Equality, Taxes & Business GrowthRelationship between parameters estimates of continuous variables and dummy variablesCan I use calculated data for regressionTaking logarithms of variablesRegression with Dummy VariablesIndicator variables over unequal periods?Sustainable growth in the long runOn trade, What justificaion does the USA have to accuse China of 'selling too much not buying enough from USA'Debt-to-GDP ratio in connection to inflation
Does destroying a Lich's phylactery destroy the soul within it?
How to get the last not-null value in an ordered column of a huge table?
When "be it" is at the beginning of a sentence, what kind of structure do you call it?
Can this note be analyzed as a non-chord tone?
Players Circumventing the limitations of Wish
Do scriptures give a method to recognize a truly self-realized person/jivanmukta?
Help! I cannot understand this game’s notations!
How do I fit a non linear curve?
Traduction de « Life is a roller coaster »
what's the use of '% to gdp' type of variables?
Which one is the true statement?
Reference request: Grassmannian and Plucker coordinates in type B, C, D
Would a completely good Muggle be able to use a wand?
Is it professional to write unrelated content in an almost-empty email?
What steps are necessary to read a Modern SSD in Medieval Europe?
Iterate through multiline string line by line
Example of a Mathematician/Physicist whose Other Publications during their PhD eclipsed their PhD Thesis
Is a distribution that is normal, but highly skewed, considered Gaussian?
Towers in the ocean; How deep can they be built?
Are the names of these months realistic?
Purpose of level-shifter with same in and out voltages
0-rank tensor vs vector in 1D
Is there a way to save my career from absolute disaster?
"Eavesdropping" vs "Listen in on"
what's the use of '% to gdp' type of variables?
The Next CEO of Stack OverflowWhy does entitlements leads to lower US productivity?Equality, Taxes & Business GrowthRelationship between parameters estimates of continuous variables and dummy variablesCan I use calculated data for regressionTaking logarithms of variablesRegression with Dummy VariablesIndicator variables over unequal periods?Sustainable growth in the long runOn trade, What justificaion does the USA have to accuse China of 'selling too much not buying enough from USA'Debt-to-GDP ratio in connection to inflation
$begingroup$
In my study I will look for the relationship between gini and trade, fdi and other variables however as I was regressing it.. the result turn out to be insignificant. My data that I used then were 'trade as a percentage to gdp' and 'fdi as a percentage to gdp'.
On the other hand when I regress it with just the total of trade and fdi.... it brings a somewhat significant result.
My Question really is... Can I drop the 'as a perentage of gdp'? and
just use the total trade and fdi without that? thank you. I hope you could help me.
plus I only have 16 years worth of data tho.
macroeconomics regression
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
$endgroup$
add a comment |
$begingroup$
In my study I will look for the relationship between gini and trade, fdi and other variables however as I was regressing it.. the result turn out to be insignificant. My data that I used then were 'trade as a percentage to gdp' and 'fdi as a percentage to gdp'.
On the other hand when I regress it with just the total of trade and fdi.... it brings a somewhat significant result.
My Question really is... Can I drop the 'as a perentage of gdp'? and
just use the total trade and fdi without that? thank you. I hope you could help me.
plus I only have 16 years worth of data tho.
macroeconomics regression
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
$endgroup$
add a comment |
$begingroup$
In my study I will look for the relationship between gini and trade, fdi and other variables however as I was regressing it.. the result turn out to be insignificant. My data that I used then were 'trade as a percentage to gdp' and 'fdi as a percentage to gdp'.
On the other hand when I regress it with just the total of trade and fdi.... it brings a somewhat significant result.
My Question really is... Can I drop the 'as a perentage of gdp'? and
just use the total trade and fdi without that? thank you. I hope you could help me.
plus I only have 16 years worth of data tho.
macroeconomics regression
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
$endgroup$
In my study I will look for the relationship between gini and trade, fdi and other variables however as I was regressing it.. the result turn out to be insignificant. My data that I used then were 'trade as a percentage to gdp' and 'fdi as a percentage to gdp'.
On the other hand when I regress it with just the total of trade and fdi.... it brings a somewhat significant result.
My Question really is... Can I drop the 'as a perentage of gdp'? and
just use the total trade and fdi without that? thank you. I hope you could help me.
plus I only have 16 years worth of data tho.
macroeconomics regression
macroeconomics regression
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 5 hours ago
ryleg96ryleg96
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 5 hours ago
ryleg96ryleg96
112
asked 5 hours ago
ryleg96ryleg96
112
112
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
ryleg96 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
add a comment |
2 Answers
2
active
oldest
votes
$begingroup$
Imagine that I am trying to determine whether eating corn has any effect on your height. I see that in the US, total corn consumption is 20 million tons per year (made up number, all others will be made up as well) and adding up the heights of the 300 million citizens we get 500 million meters. Similar statistics for France are 4 million tons per year and 100 million meters.
Total American corn consumption was higher, as well total American height.
Is this because corn has an effect on height? Or is it that both statistics are likely to be proportional to the size of the country (measured here by population)?
Depending on what your exact hypothesis is, you may want to filter out size effects by measuring these statistics of the national accounts as % of GDP.
answered 4 hours ago
GiskardGiskard
13.4k32248
$endgroup$
add a comment |
$begingroup$
Complementing @Giskard's answer, when you are using "trade as a perentage of gdp" or "FDI as a percentage of GPD", you are measuring the extent to which an economy is open to trade, or to inflows and outflows of international investment. Thus, "trade as a perentage of gdp" measures a country's trade openness, while increasing trade per se does not necessarily increase trade openness (for example a country may produce more and export more). Thus, the use of "trade" and "trade as a percentage of GDP" measures different economic phenomena.
answered 1 hour ago
emeryvilleemeryville
4,07711032
$endgroup$
add a comment |
StackExchange.ifUsing("editor", function ()
return StackExchange.using("mathjaxEditing", function ()
StackExchange.MarkdownEditor.creationCallbacks.add(function (editor, postfix)
StackExchange.mathjaxEditing.prepareWmdForMathJax(editor, postfix, [["$", "$"], ["\\(","\\)"]]);
);
);
, "mathjax-editing");
StackExchange.ready(function()
var channelOptions =
tags: "".split(" "),
id: "591"
;
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function()
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled)
StackExchange.using("snippets", function()
createEditor();
);
else
createEditor();
);
function createEditor()
StackExchange.prepareEditor(
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: false,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: null,
bindNavPrevention: true,
postfix: "",
imageUploader:
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
,
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
);
);
ryleg96 is a new contributor. Be nice, and check out our Code of Conduct.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2feconomics.stackexchange.com%2fquestions%2f27548%2fwhats-the-use-of-to-gdp-type-of-variables%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
$begingroup$
Imagine that I am trying to determine whether eating corn has any effect on your height. I see that in the US, total corn consumption is 20 million tons per year (made up number, all others will be made up as well) and adding up the heights of the 300 million citizens we get 500 million meters. Similar statistics for France are 4 million tons per year and 100 million meters.
Total American corn consumption was higher, as well total American height.
Is this because corn has an effect on height? Or is it that both statistics are likely to be proportional to the size of the country (measured here by population)?
Depending on what your exact hypothesis is, you may want to filter out size effects by measuring these statistics of the national accounts as % of GDP.
answered 4 hours ago
GiskardGiskard
13.4k32248
$endgroup$
add a comment |
$begingroup$
Imagine that I am trying to determine whether eating corn has any effect on your height. I see that in the US, total corn consumption is 20 million tons per year (made up number, all others will be made up as well) and adding up the heights of the 300 million citizens we get 500 million meters. Similar statistics for France are 4 million tons per year and 100 million meters.
Total American corn consumption was higher, as well total American height.
Is this because corn has an effect on height? Or is it that both statistics are likely to be proportional to the size of the country (measured here by population)?
Depending on what your exact hypothesis is, you may want to filter out size effects by measuring these statistics of the national accounts as % of GDP.
answered 4 hours ago
GiskardGiskard
13.4k32248
$endgroup$
add a comment |
$begingroup$
Imagine that I am trying to determine whether eating corn has any effect on your height. I see that in the US, total corn consumption is 20 million tons per year (made up number, all others will be made up as well) and adding up the heights of the 300 million citizens we get 500 million meters. Similar statistics for France are 4 million tons per year and 100 million meters.
Total American corn consumption was higher, as well total American height.
Is this because corn has an effect on height? Or is it that both statistics are likely to be proportional to the size of the country (measured here by population)?
Depending on what your exact hypothesis is, you may want to filter out size effects by measuring these statistics of the national accounts as % of GDP.
answered 4 hours ago
GiskardGiskard
13.4k32248
$endgroup$
Imagine that I am trying to determine whether eating corn has any effect on your height. I see that in the US, total corn consumption is 20 million tons per year (made up number, all others will be made up as well) and adding up the heights of the 300 million citizens we get 500 million meters. Similar statistics for France are 4 million tons per year and 100 million meters.
Total American corn consumption was higher, as well total American height.
Is this because corn has an effect on height? Or is it that both statistics are likely to be proportional to the size of the country (measured here by population)?
Depending on what your exact hypothesis is, you may want to filter out size effects by measuring these statistics of the national accounts as % of GDP.
answered 4 hours ago
GiskardGiskard
13.4k32248
answered 4 hours ago
GiskardGiskard
13.4k32248
answered 4 hours ago
GiskardGiskard
13.4k32248
answered 4 hours ago
GiskardGiskard
13.4k32248
13.4k32248
add a comment |
add a comment |
$begingroup$
Complementing @Giskard's answer, when you are using "trade as a perentage of gdp" or "FDI as a percentage of GPD", you are measuring the extent to which an economy is open to trade, or to inflows and outflows of international investment. Thus, "trade as a perentage of gdp" measures a country's trade openness, while increasing trade per se does not necessarily increase trade openness (for example a country may produce more and export more). Thus, the use of "trade" and "trade as a percentage of GDP" measures different economic phenomena.
answered 1 hour ago
emeryvilleemeryville
4,07711032
$endgroup$
add a comment |
$begingroup$
Complementing @Giskard's answer, when you are using "trade as a perentage of gdp" or "FDI as a percentage of GPD", you are measuring the extent to which an economy is open to trade, or to inflows and outflows of international investment. Thus, "trade as a perentage of gdp" measures a country's trade openness, while increasing trade per se does not necessarily increase trade openness (for example a country may produce more and export more). Thus, the use of "trade" and "trade as a percentage of GDP" measures different economic phenomena.
answered 1 hour ago
emeryvilleemeryville
4,07711032
$endgroup$
add a comment |
$begingroup$
Complementing @Giskard's answer, when you are using "trade as a perentage of gdp" or "FDI as a percentage of GPD", you are measuring the extent to which an economy is open to trade, or to inflows and outflows of international investment. Thus, "trade as a perentage of gdp" measures a country's trade openness, while increasing trade per se does not necessarily increase trade openness (for example a country may produce more and export more). Thus, the use of "trade" and "trade as a percentage of GDP" measures different economic phenomena.
answered 1 hour ago
emeryvilleemeryville
4,07711032
$endgroup$
Complementing @Giskard's answer, when you are using "trade as a perentage of gdp" or "FDI as a percentage of GPD", you are measuring the extent to which an economy is open to trade, or to inflows and outflows of international investment. Thus, "trade as a perentage of gdp" measures a country's trade openness, while increasing trade per se does not necessarily increase trade openness (for example a country may produce more and export more). Thus, the use of "trade" and "trade as a percentage of GDP" measures different economic phenomena.
answered 1 hour ago
emeryvilleemeryville
4,07711032
answered 1 hour ago
emeryvilleemeryville
4,07711032
answered 1 hour ago
emeryvilleemeryville
4,07711032
answered 1 hour ago
emeryvilleemeryville
4,07711032
4,07711032
add a comment |
add a comment |
ryleg96 is a new contributor. Be nice, and check out our Code of Conduct.
ryleg96 is a new contributor. Be nice, and check out our Code of Conduct.
ryleg96 is a new contributor. Be nice, and check out our Code of Conduct.
ryleg96 is a new contributor. Be nice, and check out our Code of Conduct.
Thanks for contributing an answer to Economics Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
Use MathJax to format equations. MathJax reference.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2feconomics.stackexchange.com%2fquestions%2f27548%2fwhats-the-use-of-to-gdp-type-of-variables%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
