Gini
Proper noun
Meaning
Gini
A surname from Italian.
Examples
A 10 percentile increase in equality (represented by a change in the Gini index value from 40 to 37) increases the expected length of a growth spell by 50 percent.
Alternate expressions In some cases, this equation can be applied to calculate the Gini coefficient without direct reference to the Lorenz curve.
A Gini index value of 30 or above is considered medium; countries like Vietnam, Mexico, Poland, USA, Russia, and Venezuela can be found in this category.
A Gini coefficient of 1 (or 100%) expresses maximal inequality among values (e.
A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has the same income).
Alternatives to Gini coefficient Given the limitations of Gini coefficient, other statistical methods are used in combination or as an alternative measure of population dispersity.