Development of a few new Generalized Lorenz Curves and Associated Gini Coefficients and its Application to Pakistan Domestic Consumption Data

Name: Development of a few new Generalized Lorenz Curves and Associated Gini Coefficients and its Application to Pakistan Domestic Consumption Data
Brand: Vita e Pensiero
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Development of a few new Generalized Lorenz Curves and Associated Gini
Coefficients and its Application to Pakistan Domestic Consumption Data

Article

Magazine

STATISTICA & APPLICAZIONI

Section

Open Access

Title

Development of a few new Generalized Lorenz Curves and Associated Gini Coefficients and its Application to Pakistan Domestic Consumption Data

Author

Munir Ahmad

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

06-2016

Issn

1824-6672 (print) | 2283-6659 (digital)

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Description Readers' comments

There are several functional forms of Lorenz curves and corresponding Gini coefficients. A new multi-parametric Lorenz curve (Ahmad, 2005) generated from the initial Lorenz curve is presented. The new curve is fitted to Pakistan consumption data and compared the results with Ortega et al. (1991) and Kakwani (1980) curves and computed Gini coefficients. The Gini coefficient based on the new Lorenz curve provides more information on consumption inequality closer to the data than Ortega et al. (1991) and Kakwani (1980) curves.