ON THE RANGE OF CORRELATION COEFFICIENTS OF BIVARIATE ORDERED DISCRETE RANDOM VARIABLES

B-Tier
Journal: Econometric Theory
Year: 2001
Volume: 17
Issue: 1
Pages: 247-256

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The range of correlation coefficient of any bivariate discrete random vector with finite or countably infinite values is derived. We show analytically that the normal-transformed discrete bivariate probability system of Van Ophem (1999, Econometric Theory 15, 228–237) has a flexible correlation coefficient. We establish the strictly monotonic relation of its correlation coefficient with the bivariate normal correlation-coefficient parameter in the system.

Technical Details

RePEc Handle
repec:cup:etheor:v:17:y:2001:i:01:p:247-256_17
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-25