This page serves as a guide for researchers and others looking for the data we used for our paper on Polyarchy and Financial Centre Competitiveness.  We store the information on GitHub, Dataverse and Datahub. In case of the sources becomes unavailable, please try the others.

 

Special thanks to the Hong Kong Research Grants Council's Theme-Based Research Scheme for financial support for this work and the Europlace Institute of Finance and Insti7programme Risk Management, Investment Strategies and Financial Stability for their support -- though naturally errors remain my/our own. 

 

The Original Paper
Download the original paper or find an HTML version of the paper here.

Watch the video presentation

 

Interesting Variables to Have
Z/Yen's IFC Ratings from 2005 to 2015 * Correlations between 'real' polyarchy and 'real' eigencentrality *
Correlations b/t all variables * Entropies in cross-border bank liabilities *
VDem data *    

 

GEPHI Network Data: Before and After Adjustment
These are the Gephi files for the BIS cross-border bank liabilities for the top 40 countries shown in the Z/Yen 2017 ranking of international financial centres (we also provide a list in our paper in case this link does not work). Once you open these files in Gephi, you will be able to compute all the network statistics we did. Note that these links go DIRECTLY to the Gephi files (and not the Github pages hosting them).
Before Adjustment After Adjustment
2005 2011 2005 2011
2006 2012 2006 2012
2007 2013 2007 2013
2008 2014 2008 2014
2009 2015 2009 2015
2010   2010  

 

EXCEL Network Data: Before and After Adjustment
These are the Gephi files for the BIS cross-border bank liabilities for the top 40 countries shown in the Z/Yen 2017 ranking of international financial centres (we also provide a list in our paper in case this link does not work). Once you open these files in Gephi, you will be able to compute all the network statistics we did.
Original edges Modified edges Pre-adjustment network statistics After Adjustment Network Statistics
2005 2005 2005 2005
2006 2006 2006 2006
2007 2007 2007 2007
2008 2008 2008 2008
2009 2009 2009 2009
2010 2010 2010 2010
2011 2011 2011 2011
2012 2012 2012 2012
2013 2013 2013 2013
2014 2014 2014 2014
2015 2015 2015 2015

The node list

The original edges files show the sums in US dollars between countries from the BIS. The modified edges show these values after we adjusted for them using econometric methods (which we describe in our paper). The pre-adjustment network statistics provide the eigenvalue centralities, along with all the statisitcs that Gephi gives, but which we ended up not using (such as PageRanks and modularities) -- applied to the original data the BIS provides. The after adjustment statistics provide the numbers we computed from the new data we calculated using regression.

 

Regression Panel

This file provides the data for the variables for all the jurisdictions we analysed in cvs format and in xls format.
The variables includes in the regression panel include: Country Name Year Polyarchy *100 Polyar Diff * 100 "Pure" Polyarchy Diff Pure Polyarchy Voice Diff Voice Largest invest Exponential drop-off Diff in Invest Diff in Diff old eigencentrality old clustering old pageranks old authority old hub new authority new hub new pageranks new clustering new eigencentrality CHANGE new authority CHANGE new hub CHANGE new pageranks CHANGE new clustering CHANGE new eigencentrality Invest Entropic Measure * 100 Invest Entropy Real effective exchange rate index (2010 = 100) Diff REER * 100 Real interest rate (%) Market cap. (% of GDP) Diff Market cap GDP per capita, PPP (current thousands international $) Diff GDP thousands per capita S&P Global Equity Indices (annual % change) Current account balance (% of GDP) Commercial service exports (current billion US$) Diff Commercial service exports (current billion US$) Air transport, millions of passengers carried Diff air passangers Central government debt, total (% of GDP) Diff Central government debt, total (% of GDP) Gross capital formation (% of GDP) Diff Gross capital formation (% of GDP) Gross domestic savings (% of GDP) Diff Gross domestic savings (% of GDP) FDI, net inflows (% of GDP) Diff FDI Broad money growth (annual %) Rule of Law Change in rule of law times 100.

 

Time Series for Polyarchy and Eigenvalues

This file provides the adjusted polyarchy and eigenvalue scores for key jurisdictions in cvs format.
 

Disclaimers: We provide these data 'as-is', as a first attempt to put our working data online. We may have used better data for our study, as I have rummaged through the files looking to put data online without giving alot of attention to the contents (I am not paid for this). Please contact me at bryane.michael@eueconomics.org if something looks wrong or you want better data.