%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% READ ME VALUES FOR sTEADY STATE CALCULATIONS LAST MODIFIED: 5-10-2018 Andrea Waddle %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% This folder contains 16 data files that will be used to construct an initial steady state: (1) corptax Average (simple mean) tax rates across the 5 country groups and 3 years. See below for country group definitions. (2) ngdpd Nominal GDP denominated in USD, averaged across 3 years (2010-2012) and summed across countries to form 5 country-groups. (3) ngdpp Nominal GDP denominated in international currency units, averaged across 3 years (2010-2012) and summed across countries to form 5 country-groups. (4) pop Population (all ages), averaged across 3 years (2010-2012) and summed across countries to form 5 country groups (5) rgdpd Real GDP denominated in USD (constanct 2010), averaged across 4 years (2010-2012) and summed across countries to form 5 country-groups. (6) rgdpp Real GDP denominated in international $ (constant 2011), averaged across 3 years (2010-2012) and summed across countries to form 5 country-groups. (7) fdii_bilat Nominal bilateral FDI inflows to the reporter, measured in millions of USD. Averaged across 3 years and summed across countries to form 5 country-groups. Columns: Reporters (recipients). Rows: Senders See notes below for row/column definitions because these are bilateral flows (8) fdii_total Nominal total FDI inflows to the reporter, measured in millions of USD. Averaged across 3 years and summed across countries to form 5 country-groups. I report the total FDI inflows from all countries (in the country groups we consider) to the reporter. This is a row vector, where each row is a reporter (recipient). Country groups are specified below. (9) fdio_bilat Nominal bilateral FDI outflows to the reporter, measured in millions of USD. Averaged across 3 years and summed across countries to form 5 country-groups. Columns: Reporters (senders). Rows: Recipients See notes below for row/column definitions because these are bilateral flows (10) fdio_total Nominal total FDI outflows from the reporter, measured in millions of USD. Averaged across 3 years and summed across countries to form 5 country-groups. I report the total FDI outflows to all countries (in the country groups we consider) from the reporter. This is a row vector, where each row is a reporter (sender). Country groups are specified below. (11) exports_bilat Nominal bilateral exports from reporter (exporter), measured in USD. AVeraged across 3 years (2010-2012) and summed across countries to form 5 country-groups. Columns: Reporters (exporters). Rows: Recipients. (12) exports_total Nominal total exports from the reporter (exporter), measured in USD. Averaged across 3 years and summed across countries to form 5 country-group totals. I report the total exports to all countries (in the country groups we consider) from the reporter. This is a row vector, where each row is a reporter (exporter). Country groups are specified below. (13) imports_bilat Nominal bilateral imports of GOODS ONLY to reporter (importer), measured in USD. AVeraged across 3 years (2010-2012) and summed across countries to form 5 country-groups. Columns: Reporters (importers). Rows: Senders. (14) imports_total Nominal total imports of GOODS ONLY to the reporter (importer), measured in USD. Averaged across 3 years and summed across countries to form 5 country-group totals. I report the total imports from all countries (in the country groups we consider) to the reporter. This is a row vector, where each row is a reporter (importer). Country groups are specified below. (15) imports_gs_bilat Nominal bilateral imports of GOODS AND SERVICES to reporter (importer), measured in USD. AVeraged across 3 years (2010-2012) and summed across countries to form 5 country-groups. Columns: Reporters (importers). Rows: Senders. (16) imports_gs_total Nominal total imports of GOODS AND SERVICES to the reporter (importer), measured in USD. Averaged across 3 years and summed across countries to form 5 country- group totals. We report the total imports from all countries (in the country groups we consider) to the reporter. This is a row vector, where each row is a reporter (importer). Country groups are specified below. Country groups are (1) UK (2) EU: Austria, BLEU, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finalnd, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithunia, Malta, Netherlands, Polands, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden (3) US + Canada (4) Norway + Switzerland (5) China + Hong Kong + Japan + Korea %%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Data Sources and Units %%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (1) corptax: Corporate Tax Rates Source: Corporate tax rates are from the KPMG corporate tax rates table. Units : These are measured in percentages and for any aggregate of countries, are a simple average of tax rates in the member countries. (2) ngdpd: Nominal GDP in dollars Source: WDI Units : Current USD. For any aggregate of countries, is the sum across them. (3) ngdpp: Nominal GDP in current international $ Source: WDI Units : Current PPP international $. For any aggregate of countries, is the sum across them. (4) Pop: Total Population Source: WDI Units : Number of people. For any aggregate of countries, is the sum across them. (5) rgdpd: Real GDP in dollars Source: WDI Units : Constant 2010 USD. For any aggregate of countries, is the sum across them. (6) rgdpp: Real GDP in constant 2011 international $ Source: WDI Units : Constant 2011 PPP international $. For any aggregate of countries, is the sum across them. (7) fdii_bilat: Bilateral FDI inflows (reporter is recipient) Source: OECD (http://stats.oecd.org/Index.aspx?DatasetCode=FDI_FLOW_PARTNER) and China Statistical Yearbook for China Units : Millions of Current USD. For any aggregate of countries, is the sum across them, netted of internal flows (8) fdii_total: Total (within our universe) FDI inflows (reporter is reciepient) Source: OECD (http://stats.oecd.org/Index.aspx?DatasetCode=FDI_FLOW_PARTNER) and China Statistical Yearbook for China Units : Millions of Current USD. For any aggregate of countries, is the sum across them, netted of internal flows (9) fdio_bilat: Bilateral FDI outflows (reporter is sender) Source: OECD (http://stats.oecd.org/Index.aspx?DatasetCode=FDI_FLOW_PARTNER) and China Statistical Yearbook for China Units : Millions of Current USD. For any aggregate of countries, is the sum across them, netted of internal flows (10) fdio_total: Total (within our universe) FDI outflows (reporter is reciepient) Source: OECD (http://stats.oecd.org/Index.aspx?DatasetCode=FDI_FLOW_PARTNER) and China Statistical Yearbook for China Units : Millions of Current USD. For any aggregate of countries, is the sum across them, netted of internal flows (11) exports_bilat: Bilateral export flows (reporter is exporter) Source: WITS Comtrade (https://wits.worldbank.org/) Units: Current USD. For any aggregate of countries, is the sum across them, netted of internal flows Nomenclature: ISIC rev 3, total exports (flow = 5) (12) exports_total: Total (within our universe) export flows (reporter is exporter) Source: WITS Comtrade (https://wits.worldbank.org/) Units: Current USD. For any aggregate of countries, is the sum across them, netted of internal flows Nomenclature: ISIC rev 3, total exports (flow = 5) (13) imports_bilat: Bilateral import flows of goods only (reporter is importer) This is final trade value in GOODS ONLY Source: WITS Comtrade (https://wits.worldbank.org/) Units: Current USD. For any aggregate of countries, is the sum across them, netted of internal flows Nomenclature: ISIC rev 3, total imports (flow = 6) (14) imports_total: Total (within our universe) export flows (reporter is importer) This is final trade value in GOODS ONLY Source: WITS Comtrade (https://wits.worldbank.org/) Units: Current USD. For any aggregate of countries, is the sum across them, netted of internal flows Nomenclature: ISIC rev 3, total imports (flow = 6) (15) imports_gs_bilat: Bilateral import flows (reporter is importer) This is trade in value added for BOTH GOODS AND SERVICES Source: WIOT database, 2016 revision (http://www.wiod.org/database/wiots16) Units: Millions of Current USD. Is the sum across them all intermediate and final uses. For any aggregate of countries, is the sum across them, netted of internal flows NOTE: This is trade in value added, while WITS is gross flows. Nomenclature: ISIC rev 3, trade in value added (16) imports_gs_total: Total (within our universe) export flows (reporter is importer) This is trade in value added for BOTH GOODS AND SERVICES Source: WIOT database, 2016 revision (http://www.wiod.org/database/wiots16) Units: Millions of Current USD. Is the sum across them all intermediate and final uses. For any aggregate of countries, is the sum across them, netted of internal flows NOTE: This is trade in value added, while WITS is gross flows. Nomenclature: ISIC rev 3, trade in value added %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Details on FDI and Trade flows %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% For the bilateral FDI & Trade files, the columns are the reporters and the rows are senders (FDII/exports) or recipients (FDIO/imports) Columns are reporters and rows are senders/receivers of FDI and exporters/importers Column Country 1 UK 2 EU: Sum of (2) Austria, (3) BLEU, (4) Czech Republic, (5)Denmark, (6) Estonia, (7) Finland, (8) France, (9)Germany, (10)Greece, (11)Hungary, (12)Ireland, (13)Italy, (14)Netherlands, (15)Poland, (16)Portugal, (17)Slovakia, (18)Slovenia, (19)Spain, (20)Sweden 3 US + Canada 4 Norway + Switzerland 5 China + Hong Kong (no reporter info for Hong Kong, so this is really just China) + Japan + Korea NOTE: I don't have reporter information for British Isles, India, or South Africa so this is a column of NaNs in the FDI files %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Row Country 1 UK 2 EU: Sum of (2)Austria, (3)BLEU, (4)Bulgaria, (5)Croatia, (6)Cyprus, (7) Czech Republic, (8)Denmark, (9)Estonia, (10)Finland, (11)France, (12)Germany, (13)Greece, (14)Hungary, (15)Ireland, (16)Italy, (17)Latvia, (18)Lithuania, (19)Malta, (20)Netherlands, (21)Poland, (22)Portugal, (23)Romania, (24)Slovakia, (25)Slovenia, (26)Spain, (27)Sweden 3 US + Canada 4 Norway + Switzerland 5 China + Hong Kong (no reporter info for Hong Kong, so this is really just China) + Japan + Korea %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% For the total flows, these are the total flows summed across the 5 country groups and reported as a row vector for each reporter (fdii: recipient, fdio: sender, exports: exporter, imports:importer)