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An ideal state of development, when viewed with fantasy, is nothing but a state or condition where light touches everybody without refraction. The diagonal line of the Lorenz Curve Framework represents such an ideal condition. In the presence of inequality, however, it deviates or refracts from...
Persistent link: https://www.econbiz.de/10011525663
Index of refraction is found to be a good measure of economic inequality within the Lorenz curve framework. It has origin in geometrical optics, where it measures bending of a ray of light passing from one transparent medium into another. As light refracts according to characteristics of...
Persistent link: https://www.econbiz.de/10010531645
An ideal state of development, when viewed with fantasy, is nothing but a state or condition where light touches everybody without refraction. The diagonal line of the Lorenz Curve Framework represents such an ideal condition. In the presence of inequality, however, it deviates or refracts from...
Persistent link: https://www.econbiz.de/10010531656
It is well-known that Gini coefficient is influenced by granularity of measurements. When there are few observations only or when they get reduced due to grouping, standard measures exhibit a non-negligible downward bias. At times, bias may be positive when there is an apparent reduction in...
Persistent link: https://www.econbiz.de/10010698703
Index of refraction is found to be a good measure of economic inequality within the Lorenz curve framework. It has origin in geometrical optics, where it measures bending of a ray of light passing from one transparent medium into another. As light refracts according to characteristics of...
Persistent link: https://www.econbiz.de/10011525674
We provide an interesting empirical evidence dealing with the cross country data on equality i.e. movements of Gini coefficient over last four decades. This seems to suggest a robust empirical evidence that the growth or change in inequality across nations has a negative relation with initial...
Persistent link: https://www.econbiz.de/10012840691