le bord de route

#engineering #wind #randomness

DIY regional pseudonomics part2

As I told you in my previous post, these days I got interested in regional economics, are more specifically in GDP growth in European regions. Basically, it’s seems quite clear that country bulk averages hide strong disparities between regions. In this post I will spend some time plotting the same data over a map of Europe, they just look interesting to me 🙂

First, here a GIF which displays the distribution of GDPs for every year since 1995: the top and bottom 10%, as well as the 10-50% and the 50-90% fractiles.

OECD-GDP_1I’m getting a little bit tired of GIFs, and I’m showing below the most frequent category for each region over the period 1995-2010.

OECD_mode-GDP

It’s less noisy than the GIFs, and allows us to make some quick and dirty comments:

  • the top 10% are the usual suspects: Paris, London, Frankfurt, Hamburg, Milan
  • the top 10% include the South of Spain and Italy, but also the region of Rostock in Germany
  • the East/West split in Germany and North/South in Italy are most likely inheritance from the past, the case of France, Spain and UK would need further refinement but also seems to reflect long term structural differences

Another way to look at the same data is to compare the growth rate, which is obtained by:

r=(GDP_2010/GDP_1995)^(1/15)-1

The map below (mean growth rate in percent) shows that there has been two types of high-growth regions: Spain and the financial hubs (London, Frankfurt). Ok, Corsica as well… 🙂 The low-growth regions are unfortunately mostly located in France :/

OECD_GDP_growthOf course we only compare a handful of countries here, and those maps are only relevant because they illustrate the observations I have made in my previous post. The map below shows the average growth rate in percent for the OECD countries in Europe, over the period 1996-2010 (DK has data from 2007 only, too bad).

OECD_growth_europe

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Information

This entry was posted on March 18, 2014 by in Uncategorized.
%d bloggers like this: