Applications in Economics

Compositional Data Analysis: Theory and Applications

Volumn , Issue , 2011, Pages 318-326

  Fry, Tim ^a  

^a RMIT UNIVERSITY   (Australia)

Author keywords

Applications in economics focus on shares of total, or compositional data; Areas in economics, compositional data analysis techniques used and data analysed; Common measures of income inequality as Gini coefficients, constructed using income share data; Compositional data analysis techniques in studies of income distribution; Compositional time series focus on methodological developments; Consumer demand systems analysis of data on consumer demand, in economics; Dominant area of application that of consumer demand systems; Economists, and attention to choosing utility functions, using 'dual' approach; Researchers, in economics ignoring compositional nature of data, rarely applying tools of compositional data analysis to problems; Use of log ratio transformations like the alr appropriate, observed share data not including zeros

Indexed keywords

EID: 84879556143     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1002/9781119976462.ch23     Document Type: Chapter

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