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The robustness of the generalized Gini index

Author

Listed:
  • S. Settepanella

    (Torino University)

  • A. Terni

    (Pisa University)

  • M. Franciosi

    (Pisa University)

  • L. Li

    (Guangzhou College of Commerce)

Abstract

In this paper, we introduce a map $$\varPhi $$ Φ , which we call zonoid map, from the space of all non-negative, finite Borel measures on $${\mathbb {R}}^n$$ R n with finite first moment to the space of zonoids of $${\mathbb {R}}^n$$ R n . This map, connecting Borel measure theory with zonoids theory, allows to slightly generalize the Gini volume introduced, in the context of Industrial Economics, by Dosi (J Ind Econ 4:875–907, 2016). This volume, based on the geometric notion of zonoid, is introduced as a measure of heterogeneity among firms in an industry and it turned out to be a quite interesting index as it is a multidimensional generalization of the well-known and broadly used Gini index. By exploiting the mathematical context offered by our definition, we prove the continuity of the map $$\varPhi $$ Φ which, in turn, allows to prove the validity of a SLLN-type theorem for our generalized Gini index and, hence, for the Gini volume. Both results, the continuity of $$\varPhi $$ Φ and the SLLN theorem, are particularly useful when dealing with a huge amount of multidimensional data.

Suggested Citation

  • S. Settepanella & A. Terni & M. Franciosi & L. Li, 2022. "The robustness of the generalized Gini index," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 45(2), pages 521-539, December.
  • Handle: RePEc:spr:decfin:v:45:y:2022:i:2:d:10.1007_s10203-022-00378-7
    DOI: 10.1007/s10203-022-00378-7
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    References listed on IDEAS

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    1. Molchanov,Ilya & Molinari,Francesca, 2018. "Random Sets in Econometrics," Cambridge Books, Cambridge University Press, number 9781107121201, October.
    2. Giovanni Dosi & Marco Grazzi & Luigi Marengo & Simona Settepanella, 2016. "Production Theory: Accounting for Firm Heterogeneity and Technical Change," Journal of Industrial Economics, Wiley Blackwell, vol. 64(4), pages 875-907, December.
    3. Ilya Molchanov & Michael Schmutz, 2009. "Exchangeability type properties of asset prices," Papers 0901.4914, arXiv.org, revised Apr 2011.
    4. Koshevoy, G. A. & Mosler, K., 1997. "Multivariate Gini Indices," Journal of Multivariate Analysis, Elsevier, vol. 60(2), pages 252-276, February.
    5. Giovanni Dosi & Marco Grazzi & Le Li & Luigi Marengo & Simona Settepanella, 2021. "Productivity Decomposition in Heterogeneous Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 69(3), pages 615-652, September.
    6. Hildenbrand, Werner, 1981. "Short-Run Production Functions Based on Microdata," Econometrica, Econometric Society, vol. 49(5), pages 1095-1125, September.
    7. Marco Cococcioni & Marco Grazzi & Le Li & Federico Ponchio, 2022. "A toolbox for measuring heterogeneity and efficiency using zonotopes," Stata Journal, StataCorp LP, vol. 22(1), pages 25-59, March.
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