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On the Range of Correlation Coefficients of Bivariate Ordered Discrete Random Variables

Authors Lee, Lung Fei
Issue Date 2001
Source Econometric Theory , v. 17,(1), February, 2001, p. 247-256
Summary 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) 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.
ISSN 0266-4666
Rights © Cambridge University Press 2001. This paper was (will be) published in Econometric theory and is reprinted with permission.
Language English
Format Article
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