Calculating the Coulter Coefficient e.g. with respect to regional income
Usage
coulter(x, weighting = NULL, na.rm = TRUE)
Arguments
x
A numeric vector (e.g. dataset of regional income)
weighting
a weighting vector, e.g. population
na.rm
logical argument that indicates whether NA values should be excluded before computing results
Value
A single numeric value of the Coulter Coefficient (\(0 < CC < 1\)).
Details
The Coulter Coefficient (\(CC\)) varies between 0 (no inequality/concentration) and 1 (complete inequality/concentration). It can be used for economic inequality and/or regional disparities (Portnov/Felsenstein 2010).
References
Portnov, B.A./Felsenstein, D. (2010): “On the suitability of income inequality measures for regional analysis: Some evidence from simulation analysis and bootstrapping tests”. In: Socio-Economic Planning Sciences, 44, 4, p. 212-219.