EU-27
NUTS-2 (261)
2003-2012
Decomposition of GDP growth
\[ \frac{GDP_2/P_2}{GDP_1/P_1} = \frac{GDP_2/W_2}{GDP_1/W_1} * \frac{W_2/P_2}{W_1/P_1} \]
\[ \frac{GDP_2/P_2}{GDP_1/P_1} = \frac{GDP_2/W_2}{GDP_1/W_1} * \frac{W_2/P_2}{W_1/P_1} \]
Counterfactual analysis