The Gini methodology a primer on a statistical methodology Shlomo Yitzhaki, Edna Schechtman

Format:

Book

Author/Creator:

Yitzhaki, Shlomo

Contributor:

Schechtman, Edna

Series:

Springer series in statistics ; 0172-7397 272

Springer series in statistics 0172-7397 272

Language:

English

Subjects (All):

Mathematical statistics.

Gini coefficient.

Physical Description:

1 online resource

Place of Publication:

New York Springer ©2013

Language Note:

English

System Details:

text file

PDF

Summary:

"Gini's mean difference (GMD) was first introduced by Corrado Gini in 1912 as an alternative measure of variability. GMD and the parameters which are derived from it (such as the Gini coefficient or the concentration ratio) have been in use in the area of income distribution for almost a century. In practice, the use of GMD as a measure of variability is justified whenever the investigator is not ready to impose, without questioning, the convenient world of normality. This makes the GMD of critical importance in the complex research of statisticians, economists, econometricians, and policy makers. This book focuses on imitating analyses that are based on variance by replacing variance with the GMD and its variants. In this way, the text showcases how almost everything that can be done with the variance as a measure of variability, can be replicated by using Gini. Beyond this, there are marked benefits to utilizing Gini as opposed to other methods. One of the advantages of using Gini methodology is that it provides a unified system that enables the user to learn about various aspects of the underlying distribution. It also provides a systematic method and a unified terminology. Using Gini methodology can reduce the risk of imposing assumptions that are not supported by the data on the model. With these benefits in mind the text uses the covariance-based approach, though applications to other approaches are mentioned as well."--Publisher's description

Contents:

Introduction Part 1. Theory More Than a Dozen Alternative Ways of Spelling Gini The Gini Equivalents of the Covariance, the Correlation, and the Regression Coefficient Decompositions of the GMD The Lorenz Curve and the Concentration Curve The Extended Gini Family of Measures Gini Simple Regressions Multiple Regressions Inference on Gini-Based Parameters: Estimation Inference on Gini-Based Parameters: Testing Inference on Lorenz and on Concentration Curves

Part 2. Applications Introduction to Applications Social Welfare, Relative Deprivation, and the Gini Coefficient Policy Analysis Policy Analysis Using the Decomposition of the Gini by Non-marginal Analysis Incorporating Poverty in Policy Analysis: The Marginal Analysis Case Introduction to Applications of the GMD and the Lorenz Curve in Finance The Mean-Gini Portfolio and the Pricing of Capital Assets Applications of Gini Methodology in Regression Analysis Gini's Multiple Regressions: Two Approaches and Their Interaction Mixed OLS, Gini, and Extended Gini Regressions An Application in Statistics: ANOGI Suggestions for Further Research

Notes:

Includes bibliographical references (pages 515-535) and indexes

Print version record and online resource; title from PDF title page; (SpringerLink; viewed July 15, 2013)

Other Format:

Print version Yitzhaki, Shlomo. Gini methodology

ISBN:

9781461447207

1461447208

1461447194

9781461447191

1283909979

9781283909976

OCLC:

821049502

Publisher Number:

10.1007/978-1-4614-4720-7

Access Restriction:

Restricted for use by site license