Download Revised Report # 3

Economics 207
Oct. 17, 2013
Comparative Economic and Financial Systems
DUE ON THE 21 0F NOV
New Version of Report 3
This is a much clearer assignment for Report 3
If you have already handed in data for this report, you do not have to redo it.
Everyone should answer the essay questions.
It should be easy for you to copy your country data into this sample spreadsheet
1. Remember to check the www.profdatqcecon.org daily.
Background of Reports 3, 4, 5 and 6
Beginning Tues. Oct. 22, we start to analyze the institutions and other variables that a priori seem to be essential for the
efficient operation of a mixed market economy. A mixed market economy is an economy where the price system and
the “profit motive” guide many resource allocation decisions within a framework of regulations. Only a few of these
institutions can be measured (counted).
To write the following reports you will need to do some reading about various institutions in the economy.. Report # 3 is
maybe the easiest because these items can be measured.
Standard Heading Format:
Your Name
Country
Report 3
Assigned October 22
Your
Date
Comparison of the Infrastructure and Resources for the period 1990-2010 of your Country
with those of the United States, Japan and Bangladesh.
This set of data is intended to give you a feeling of the size and the resources of your country and United
States Japan and Bangladesh I have chosen for reference.
The United States was chosen because it obviously has the most natural resources per person and the best
infrastructure (except maybe for railroads compared to Japan) and has the highest per capita GDP. Japan
was chosen because it is a very small country with very little arable land per person similar to Bangladesh
and is the third largest economy in the world on a per capital basis. Bangladesh is one of the poorest
countries in the world. You also see that it has significantly fewer natural resources and infrastructure per
capita.
1. How does your country compare to the USA, Japan, and Bangladesh. Do any of these factors help
explain the different levels of achievement.
2. Some questions to consider. Is Bangladesh’s very low per capita income due to its differences in
infrastructure from Japan? If you think that it is not due to the infrastructure or land endowment, but
rather that the higher infrastructure and high GDP per capita in Japan are related to other factors, describe
the what they may be and outline what changes might be made in Bangladesh today to start it on the path
to stable development. It might be useful to read the history of Bangladesh in Wikipedia or other sources
for back ground.
Some factors to consider are: output per capita. resources and infrastructure when Bangladesh
became independent from Pakistan, the relative population growth rates, the beliefs and social structure of
Bangladesh, political, inability to save, lack of stable government and other systems. Looking at Bangladesh
in Wikipedia might be useful.
Report III, Infrastructure and resource variables.
1a. Total land area (Try to calculate it) Check it against “Total land area” reported under agriculture
Calculate: Forest area (sq. km) / Forest area (% of land area) = LAND AREA (unknown)Watch your decimals
1b. Total land per capita
2a. Total Agricultural land (sq. kilometer or hectares)
2b. Total Agricultural land per capita (hectares per person)
3. Agricultural land (% of total land)
(Agricultural land = arable land + under permanent crops + under permanent pastures
4. Total agricultural land under irrigation (% of total agricultural land)
5a. Arable land (sq. kilometer) = downloaded
5b Arable land (sq. kilometer) as a % of total land = downloaded
5c. Arable land (hectares)/ per person = downloaded
6a. Forest area (sq. km)
6b. Forest area (% of land area)
6c. Forest area per capita
7. Tractors in agriculture (per 100 sq. kilometer of arable land)
Infrastructure - Transportation
1a. Paved Roads = downloaded
1a. Unpaved Roads = downloaded
2. Paved Roads per square kilometer = (Total road/Land area)
3. Roads per person = (Total road/population)
4a. Total vehicles
4b. Total passenger vehicles
4c. Total Trucks and Buses (=4a-4b)
5a. Vehicles per kilometer of road = (Total vehicles*/total road)
6a. Railroads (track) in kilometers = downloaded
6b. Railroads (track) in kilometers per square kilometer = (Total railroads/Land area)
6c. Railroads (track) in kilometers per person = (Total railroads/population)
Energy Use
1. Energy used domestically (expressed in terms of kt (Kilotons = 1000 of tons) of oil equivalent)
2. Energy used domestically per person (kg of oil equivalent per capita)
= (Total energy used domestically / population)
3. Electric power consumption (kWh per capita)
Natural Resources Used (Can’t always be found).
1. Total Natural Resource Rents (look up in Metadata)
*Billion $ of GDP in constant US dollars base year 2000 = (Total GDP in trillions / 1000000000)
*Total vehicles = (Vehicles per 1000 people (downloaded) * population (in thousands))
*Population (in thousands) = (Total population / 1000)
*Million $ of GDP = (Total GDP in trillions / 1000000)
Research Question A: How well do the “belief systems” of the various sections and institutions (political,
religious, various classes) of your country support the concepts required for an efficient mixed market system.
(3 paragraphs). Be specific.
Permanent reference time series for every report
These are useful not only for calculations for also as a frame of reference. Some of these time series you may
have to find for the first time for Report 3. Always place them separately at the end of your excel tables.
Titled Data for reference.
A.Land area (sq. km) Excludes inland water bodies such as major rivers and lakes.
Land area is therefore used as one of the major
indicator to normalize other indicators.
B. Surface area (sq. km) includes inland water bodies such as major rivers and lakes.
C. Total population
D. Labor Force, Total
E. Labor Force Agricultural
F. Labor Force Manufacturing
G. GDP (constant 2005 US$)
H. GDP (constant LCU)
I. GDP per capita (constant 2005 US$)
K. GDP per capita (constant LCU)
L. GDP per capita, PPP (constant 2005 international $)
M. % of GDP from “Rents from energy sector, mining, forestry” See metdata description for “Rents”. Essentially it
means “Using up of a limited resources”