On the proper bounds of the Gini correlation

Authors
Schechtman, E Yitzhaki, S
Citation
E. Schechtman et S. Yitzhaki, On the proper bounds of the Gini correlation, ECON LETT, 63(2), 1999, pp. 133-138
Citations number
12
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
63
Issue
2
Year of publication
1999
Pages
133 - 138
Database
ISI
SICI code
0165-1765(199905)63:2<133:OTPBOT>2.0.ZU;2-K
Abstract
Gini correlation measures the dependence between two random variables, whos e properties are a mixture of Pearson's and Spearman's correlations. For an y given marginal distributions, the range of Gini correlation is [-1, 1]. ( This property does not hold for Pearson's correlation). Some possible appli cations are given. (C) 1999 Elsevier Science S.A. All rights reserved.