Time series ( simple question)

General
1

Hi guys, I need your help!
I have to replicate a table in which there are some variables ( gdp growth, labor share, etc)
I have a database that cointains for each country the times series ( 1960-2000) of the base variables.
How can I compute a unique value starting from a time series??

For example:
I need to compute the Capital Share ( K / Y ) of USA
In the database I have the time serie of K and the time serie of Y
If I make K / Y with R , I get a time series as a result, but I need instead a single number ( as in the table that I have to replicate )

Should I make an average of all the observations in K and an average of all the observations in Y an then make the ratio?

Or should I compute the difference from the first observation and the last one for both variables and then make the ratio?

thanks to anyone who will help me

2

There is no right answer but it is probably best to take the average of the ratio rather than the ratio of the averages

1 Like
3

This topic was automatically closed 21 days after the last reply. New replies are no longer allowed.

If you have a query related to it or one of the replies, start a new topic and refer back with a link.