Advertisement

Regional Per Capita Incomes and Income Inequalities: Point Estimates and Their Standard Errors

Chapter
  • 89 Downloads
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 25)

Abstract

A simple statistical model is developed to assess the implications of random measurement errors in reported per capita incomes and of the bias caused by the use of official exchange rates for (1) regional per capita incomes and (2) regional income inequality. It appears that regional per capita incomes can be estimated with a fair degree of accuracy, provided that the measurement errors of the reported per capita incomes of individual countries are not too highly positively correlated. The measurement of regional inequality is characterized by considerable uncertainty.

Keywords

Income Inequality Capita Income Income Share Population Share Regional Inequality 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Fishlow, A.: 1972, “Brazilian Size Distribution of Income,” The American Economic Review, 62, 391–402.Google Scholar
  2. Hagen, E.E., and O. Hawrylyshyn, O.: 1969, “Analysis of World Income and Growth, 1955–1965,” Economic Development and Cultural Change, 18 (No. 1, Part II), 1–96.CrossRefGoogle Scholar
  3. Nordhaus, W., and J. Tobin: 1972, “Is Growth Obsolete?” Fiftieth Anniversary Colloquium, Vol. V., National Bureau of Economic Research, Inc., New York.Google Scholar
  4. Theil, H.: 1967, Economics and Information Theory, American Elsevier Publishing Company, New York, and North-Holland Publishing Company, Amsterdam.Google Scholar
  5. Theil, H.: 1972, Statistical Decomposition Analysis with Applications in the Social and Administrative Sciences, American Elsevier Publishing Company, New York, and North-Holland Publishing Company, Amsterdam.Google Scholar

Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  1. 1.The University of ChicagoChicagoUSA
  2. 2.University of Tel-AvivTel-AvivIsrael

Personalised recommendations