#engineering #wind #randomness
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.
It’s less noisy than the GIFs, and allows us to make some quick and dirty comments:
Another way to look at the same data is to compare the growth rate, which is obtained by:
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
Of 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).