Financial Development and Structure 1960-2010
World, 1960 - 2010
Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota)
Created on
April 11, 2018
Last modified
April 11, 2018
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STOCK MARKET TURNOVER RATIO (stturnover)
Data file: FinStructure_2008_v4
Overview
Valid:
2055
Invalid:
8236
Minimum:
0.0001
Maximum:
16.781
Mean:
0.427
Standard deviation:
0.741
Type:
Continuous
Decimal:
0
Width:
20
Range:
0.000100099998235237 - 16.7806205749512
Format:
Numeric
Description
Universe
1960-2007
Source of information
Standard and Poor's Emerging Market Database (and Emerging Stock Markets Factbook). End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics, October 2008
Imputation and derivation
Derivation
Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P_at/{(0.5)*[Mt/P_et + Mt-1/P_et-1] where T is total value traded, M is stock market capitalization, P_e is end-of period CPI P_a is average annual CPI