Welcome to Open Economics!

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Welcome to the Open Economics Working Group (OpenEcon WG) of the Open Knowledge Foundation!

We want economics to be built on sound, transparent foundations. In particular, it is important that the data and associated analysis (particularly as represented in runnable code) be openly available to all members of society — not just other economists.

This working group therefore exists to:

  • Act as a central point of reference and support for people interested in open data (and code) in economics.
  • Identify relevant projects and practices. Promote best practices as well as legal and technical standards for making material open (such as http://www.opendefinition.org/)
  • Act as a hub for the development and maintenance of low cost, community driven projects related to open material in economics.

Get involved!

The Open Economics WG is driven by the contributions of volunteers like you. If you would like to explore the different ways in which you can participate, please join our mailing list or contact economics [at] okfn [dot] org.

Open Economics Hack Day Saturday January 28th 2012

This post is by Velichka Dimitrova, Coordinator for the Economics Working Group at the Open Knowledge Foundation.

On Saturday 28th January we’re getting together for an Open Economics Hackday where we’ll be be wrangling data and building apps related to economics — all are welcome!

  • When: Saturday 28th January, 11am GMT (12pm CET/6am EST) to ~7pm GMT (8pm CET/3pm EST)
  • Sign up on the MeetUp page.
  • Some people will also be around on Friday 27th (same times)
  • Where: Online (IRC, Skype) and also in person in London – meet us at the public space coffee area in the main hall on floor G of the Barbican.
  • Who: Anyone! Coder, data wrangler, economists, illustrator or writer …
  • And here is the Etherpad.

As with all hackdays, exactly what gets work on gets decided on the day (you can add suggestions to the etherpad). However, one particular idea, which we could become a submission to Apps4Italy, is set out below.

One Idea for What We’ll Work On: ProgressVote

One of the most fundamental questions in economic research is: how do we measure social progress? Policy makers have come up with alternative measures accounting for environmental impacts, inequality, happiness and other indicators of human development.

However, the multiplicity of factors has caused another problem – how do we decide on the importance of each individual factor in a composite index? They could be either equally important (such as in the HDI) or they could be given different weights.

In our last project YourTopia – which was one of the winners of last year’s World Bank Apps4Development Prize – we offered one possible solution by letting you decide on which dimensions and aspects of economic development to prioritize.

However there are limitations to such an approach: faced with a myriad of technical indicators people are often overwhelmed by the complexity: Does life expectancy at birth matter more than the inflation rate or the M2 money supply? And what does M2 money supply even mean?

In ProgressVote, we’d like to improve on YourTopia in a variety of ways:

First, by combining proxy voting with the crowd-based Yourtopia approach: Instead of voting for indicators, people vote for expert statements that interpret the dashboard of variables. By doing so, it is hoped to strike a balance between expert judgements and the interpretation of the general public: Experts may be more able to interpret technical data, but in the end it is the citizens who decide which expert statement to endorse.

Second, we’d like to add support time series — so you can see how progress (or lack of it) has evolved over time — as well as better geo support — for example, so it is possible to look at regions as well as countries have performed (consider Italy for instance).

Interested? Then come join us on Saturday 28th January!

DataParty – Measures of social progress in Italy

Data parties are becoming a tradition in our activities: there are so far 30 datasets in our Economics Data Group on the DataHub and we would like to see this number grow with your help. If you have a dataset lying around, which you would like to share, please come to a data party and we can show you how to put it in the Datahub – it’s easy and fast and this way you could support the work of fellow researchers and students around the world.

The next data party will take place this Wednesday, January 18 at 5-6pm GMT / 6-7pm CET / 12-1pm EST. On the data party etherpad, add your skype id and I will be able to add you to the conference. All the data we can gather in the Google Spreadsheet.

This week’s topic is “Measures of social progress in Italy”, which is a preliminary meeting for our January 27-28 Apps4Italy Hackathon. Italy as one of the countries hit hardest by the 2008 economic crisis, has one of the highest levels of public debt – 118% of GDP. But how does Italy compare with the rest of Europe on income, social inclusion and living conditions? How do people value social progress and what are its dimensions?

Help us gather disaggregated data on these measures this Wednesday during our data party and learn more about Italy.

Ci vediamo!

Next DataHub data party – January 18, 2012

You are welcome to join our next DataHub data party on January 18 at 5-6pm GMT / 6-7pm CET / 12-1pm EST. On our regular data parties we would like to assemble more datasets to add to our economics datahub database.

For the next data party however, we have a particular objective, related to our work on the Apps4Italy submission. The topic will be gathering data about Italy – different measures of progress, at higher frequency and at more disaggregated levels. We will work together on the following spreadsheet.

If you would like to participate, please enter your name and skype-id on the Etherpad: Looking forward to gathering Italian data together!

Please help assemble data for hackday

Dear Open Economics participants,

In preparation of the upcoming hackday, we are currently searching for the data on which we will base our measurement of progress in Italy. Could you kindly help finding data series? If so, please contribute to filling this spreadsheet.

You will find there data that Italy, jointly with its European partners, has identified as key to social progress (the EU2020 targets). Most of this data is available at Eurostat but only in annual frequency and with great statistical delays. We hence need to look for sources directly in Italy, where we hope to locate it in higher frequency and with shorter delays. Could you search with us on Italian/international sources and add them to the spreadsheet?

In case we cannot locate some of these official progess indicators, we are also looking for alternative, high-frequency data series that are generally accepted as key to social progress. If you have data/suggestions for such alternatives, please add them to the spreadsheet as well.

Please let us all check this out, so that we can soon start drawing up data series for our app.

Best wishes,

Dirk

DataHub Data Party for Economics Data – Wednesday 21st December 2011

We’re holding a DataHub Data Party for Economics data. It’s an online get together to dig up interesting economics (and energy) data and add it to the DataHub economics data group: http://theDataHub.org/group/economics

  • When: 21st December 2011 @ 5-6pm GMT / 6-7pm CET / 12-1pm EST (join for as little or as much time as you want)
  • Where: Virtual on irc and skype
  • What: Get together to add economic datasets to http://thedatahub.org/group/economics
  • Etherpad: http://econ.okfnpad.org/data-party

Everyone is welcome and all you need is an interest in (open) economics (or energy) data.

We’ll be collaborating on skype and IM — if interested please add yourself + skype id to http://econ.okfnpad.org/data-party you be added to the joint chat.

Update: Minutes from the WG meeting – December 18, 2011

For all those who missed our recent monthly Working Group meeting, please find the minutes from the meeting here. Thanks for all participants!

If you were unable to attend, you can still take part in the forthcoming activities:

Wednesday, December 21 – Data Party at 5pm GMT

This activity will be a brainstorming on how to advance the datahub and include a larger number of specific economic datasets.

In January/early February we are going to have the Apps4Italy Hackday. Please vote for the specific date here.

Reminder: Open Knowledge Indicator Hackday 23rd of August 2011

Just a quick reminder that the Hackday for the Open Knowledge Indicator will be on the 23rd of August, from 10 AM to 11 PM (UTC+1). I’m sorry if some cannot make it at this date but I hope you will be able to join at a later stage – this certainly doesn’t mean you’re excluded!

We’ll be setting up a Etherpad – for joining, please add my Skype address guoxu_voip so I can put you on the group chat.

Open Data Index Hack Day

This contribution is from Dirk Heine, Working Group Advisor at Open Economics

In the OpenEconomics phone conference yesterday we decided to go forward with building a cross-country Open Data Index (see previous discussion). We now need everyone to sign up to participate for a 1 day collaborative index construction. On this day we will all try to already finish a preliminary version to test the concept.

What day would be best for you? Please participate in this doodle to determine it.

Collaboration will be online with everyone contributing from wherever you are based. We need people with different skill sets: data researchers, programmers, economists, people generally knowledgeable about sources of open data and people with aesthetics skills. So please do participate!

A note on the timing: There will be people from various time zones participating, so please try to accomodate the time window as good as possible: It is just hard to match people across time zones so we all need to be a bit flexible to make a collaborative production of the OKF Open Data Index possible.

EU lobbyists mapped

This is a contribution by Anders Pedersen.

There has been quite a lot of discussion about the relaunch of the Transparency Register of the European Commission.

The register contains information submitted on a voluntary basis from NGOs, lobbyists and associations who spend money influencing the decision making process in the EU.

Before you check out the map below, you should take a few things into account:

  • The reported amounts are voluntary judgements from the organizations them selves. The Commission is not obliged to monitor or control the statements from companies or associations. Most often organizations leave the field blank or submit a vague indicator (ie. € <50,000).

  • This map only contain only a share of the 3,000 organizations, which were in the register by March 2011, when I obtained the data. The data available from the Commission is in a format, which has been time consuming to crack and thus quite a bit of organizations are missing.

  • Please take into account that I have not cross checked the entire data for their precise location, and thus you will might find a few errors where google misplaced locations.

With that in mind – here are the organizations of the Transparency Register, mapped

Source: European Commission, Data as of March 2011.

Open Economics at OKCon 2011

A few members of the Open Economics Working Group will be attending the Open Knowledge Conference 2011 in Berlin, 30th June to 1st July. There will also be a presentation of Metametrik.

We have also been able to cooperate with a related project in the pre-OKCon Open Science workshop, working on a crowd-sourced data inputation system which could serve as a component of the Metametrik framework.

If you plan to attend the OKCon, please do contact us and have a chat! Looking forward to seeing you there.