Making line plots
Line graphs are very used both at the academy and industry. Needless to say, economists are mad about line graphs, and for a good reason. They are an easy choice when it comes to demonstrating a progression (for example, time-progression) of some continuous variable, let's say macroeconomic indicators.
Non-interactive line plots can be drawn by ggplot2
. If there is some need to update the graphic with considerable frequency, interactive ones are a better fit and they can be crafted by ggvis
or plotly
. Plots made with these packages rapidly respond to data changes.
For this recipe, we're going to draw line graphs about the evolution of foreign trade (as percentage of Gross Domestic Product) of Finland and West Germany between 1965 and 1990. Both countries had chosen different economic paths. Let's see check their economic paths once we make sure to meet the requirements.
Getting ready
Beforemoving on, we need to install the Zelig
package in order to make data available. We also...