In his article he was using America government data, which is open data to public.
The diagram he was using is here:
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Non- financial corporate sector ratio = National Income and Product Accounts, Table 1.14. line 24(net operating surplus)-line 26 (business current transfer payment) / Fixed Asset Table, Table 4.1. line 28(non-financial)
Considering the non-financial corporate sector ratio as profit ratio, the point of this article is that the diagram indicates the profit ratio has tendency to fall.
I wanted to get the diagram by myself, so I made it; this means everybody can draw the diagram.
There is two reason why the diagrams are different.
One is that the web site revised the data after the article is written. The other reason is that I included two more years: 2006, and 2007. And the government web site doesn't have data before 1930.
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I, however, found one interesting point.
Two of them averaging the data by 5 years.
But if I just use raw data, which is year by year, then I get different diagram here:
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The new line looks like *flat*, not declining.
The reason is the new diagram is wider.
If I make it narrow, then you can see the same declining line like this:
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In addition, even though we can say it is declining, it does not look significant.
1 comment:
Squeezing the diagram reminds me of the expression, "Data torturing."
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