Balassa Index
Budget: €8 – €30 EUR
Calculate the Balassa index (to the world) in 10 common sectors at the same unit of measure,
Plot the Balassa index for Economy 1 (on the x-axis) and 2 (on the y-axis) to get a scatterplot graph. Highlight threshold x=1 (vertical line) and y=1 (horizontal line).
Plot the Balassa index for Economy 1 (on the x-axis) and 2 (on the y-axis) to get a scatterplot graph. Highlight threshold x=1 (vertical line) and y=1 (horizontal line).