An Equation for the “Gini” Coefficient
Author : Anindya Kumar Biswas
Abstract :
Gini Coefficient is an index for measuring Income Inequality for a country. It was introduced by Italian Corrado Gini. The equivalent mathematical definition is due to Nobel Laureate Amartya Sen. Here in this paper, we describe two cases with respect to the state of Meghalaya, India. One is the personal experience of the author. Another is the opinion expressed recently with respect to Externally Aided Projects, in a local daily subeditorial by Mr. Anver Pariat. Motivated by these two cases, guided by the Newton’s second law of motion, we propose an equation for the Income Inequality "Gini" Coefficient for a place in a developing country.
Keywords :
Gini Coefficient, Equation, Definition, EAP, (a+b)2.
