ots_gdp_deflator_adjustment {tradestatistics}

Expresses tidy data from the API in dollars of a reference year

Description

Uses GDP deflator records from The World Bank to convert trade records and express them in dollars of the same year. The records are internally subsetted to World's values, because country specific levels would largely re-scale observations for reporters that reflect unstable macroeconomic policies.

Usage

ots_gdp_deflator_adjustment(trade_data = NULL, reference_year = NULL)

Arguments

trade_data

A tibble obtained by using ots_create_tidy_data. Default set to NULL.

reference_year

Year contained within the years specified in api.tradestatistics.io/year_range (e.g. 2010). Default set to NULL.

Examples

## Not run: 
# The next example can take more than 5 seconds to compute,
# so this is shown without evaluation according to CRAN rules

# Convert dollars of 2010 to dollars of 2000
d <- ots_create_tidy_data(years = 2010, reporters = "chl", partners = "chn")
ots_gdp_deflator_adjustment(trade_data = d, reference_year = 2000)

## End(Not run)