USFinanceIndustry: US Finance Industry Profits

Description

A data.frame giving the profits of the finance industry in the United States as a proportion of total corporate domestic profits.

Usage

data(USFinanceIndustry)

Arguments

Format

A data.frame with the following columns:

year: integer year starting with 1929
CorporateProfitsAdj: Corporate profits with inventory valuation and capital consumption adjustments in billions of current (not adjusted for inflation) US dollars
Domestic: Domestic industries profits in billions
Financial: Financial industries profits in billions
Nonfinancial: Nonfinancial industries profits in billions
restOfWorld: Profits of the "Rest of the world" in their contribution to US Gross Domestic Product in billions
FinanceProportion: = Financial/Domestic

Details

This is extracted from Table 6.16 of the National Income and Product Accounts (NIPA) compiled by the Bureau of Economic Analysis of the United States federal government. This table comes in four parts, A (1929-1947), B (1948-1987), C (1987-2000), and D (1998-present). Parts A, B, C and D contain different numbers of data elements, but the first five have the same names and are the only ones used here. The overlap between parts C and D (1998-2000) have a root mean square relative difference of 0.7 percent; there were no differences between the numbers in the overlap period between parts B and C (1987).

This was created using the following command:

demoDir <- system.file('demoFiles', package='Ecdat') demoCsv <- dir(demoDir, pattern='csv$', full.names=TRUE)

nipa6.16 <- readNIPA(demoCsv) USFinanceIndustry <- as.data.frame(nipa6.16) names(USFinanceIndustry) <- c('year', 'CorporateProfitsAdj', 'Domestic', 'Financial', 'Nonfinancial', 'restOfWorld') USFinanceIndustry$FinanceProportion <- with(USFinanceIndustry, Financial/Domestic)

Examples

Run this code

# NOT RUN {
data(USFinanceIndustry)
plot(FinanceProportion~year, USFinanceIndustry, type='b',
     ylim=c(0, max(FinanceProportion, na.rm=TRUE)),
     xlab='', ylab='', las=1, cex.axis=2, bty='n', lwd=2,
     col='blue')

# Write to a file for Wikimedia Commons
# }
# NOT RUN {
if(FALSE){
  svg('USFinanceIndustry.svg')
  plot(FinanceProportion~year, USFinanceIndustry, type='b',
     ylim=c(0, max(FinanceProportion, na.rm=TRUE)),
     xlab='', ylab='', las=1, cex.axis=2, bty='n', lwd=2,
     col='blue')
  dev.off()
  }
  
# }