Graphing log of gdp "level playing field"

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Caillin
Posts: 1
Joined: Tue Jun 03, 2014 1:10 pm

Graphing log of gdp "level playing field"

Postby Caillin » Tue Jun 03, 2014 1:45 pm

Hi,

I am graphing the evolution of the log of gdp for 4 countries. When I make the graph, it displays 4 separate horizontal lines which aren't very interesting. I was advised to use a 'level playing field' so I can compare the relative performance of these economies since the financial crisis. Does anyone have any idea of how I could do a nice comparative analysis of the evolution of log(gdp) for these 4 countries on a level playing field?

Thanks in advance!
Caillin

startz
Non-normality and collinearity are NOT problems!
Posts: 3797
Joined: Wed Sep 17, 2008 2:25 pm

Re: Graphing log of gdp "level playing field"

Postby startz » Tue Jun 03, 2014 2:25 pm

Subtract the value of the first observation from each series. This gives you cumulative growth since the beginning of your sample.

CharlieEVIEWS
Posts: 202
Joined: Tue Jul 17, 2012 9:47 am

Re: Graphing log of gdp "level playing field"

Postby CharlieEVIEWS » Mon Jul 07, 2014 12:25 pm

rebase them to 2005=100 or something


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