Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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A Simple Working Formula of Gini Coefficient with Some Common Software Command Codes


Affiliations
1 Department of Economics, University of North Bengal, Raja Rammohunpur, DT. Darjeeling 734013, West Bengal, India
2 Kansai University, 3-3-35, Yamate-cho, Suita-shi, Osaka 564-8680, Japan
     

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Although there has been a revolution in the computational methodology of Gini coefficient towards simpler formulations and easy computation procedure with the application of software, this paper presents a far simpler working formula of the same and consequently some software command syntaxes. The key component of the formula is now just a product of income-rank-based weight and income. The method will enable researchers, who work with a large number of observations, to compute the index and add it as a variable in the same working data file with ease.
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  • A Simple Working Formula of Gini Coefficient with Some Common Software Command Codes

Abstract Views: 445  |  PDF Views: 0

Authors

Amlan Majumder
Department of Economics, University of North Bengal, Raja Rammohunpur, DT. Darjeeling 734013, West Bengal, India
Takayoshi Kusago
Kansai University, 3-3-35, Yamate-cho, Suita-shi, Osaka 564-8680, Japan

Abstract


Although there has been a revolution in the computational methodology of Gini coefficient towards simpler formulations and easy computation procedure with the application of software, this paper presents a far simpler working formula of the same and consequently some software command syntaxes. The key component of the formula is now just a product of income-rank-based weight and income. The method will enable researchers, who work with a large number of observations, to compute the index and add it as a variable in the same working data file with ease.

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DOI: https://doi.org/10.21648/arthavij%2F2020%2Fv62%2Fi3%2F203582