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f(x) = 100/1+a*exp(x*((1-b)/0.

0503))
Here 0.0503 is dispersion for the income.
100
90
80

Ownership

70
60
50

Ownership vs. GDP


HORSKY MODELTV USA

40
30
20
10
0

0.2

0.25

0.3

0.35

0.4

GDP

Coefficients (with 95% confidence bounds)


a = -2.731e+004 (-5.953e+004, 4900)
b=
2.419 (2.143, 2.695)
Goodness of fit:
R-square: 0.9151

f(x) = 100*exp(b*x-c)/(1+exp(b*x-c))

100
90
80

Ownership vs. GDP


model

Ownership

70
60
50
40
30
20
10
0

0.2

0.25

0.3

0.35

GDP

Coefficients (with 95% confidence bounds):


b=
56.53 (40.64, 72.42)
c=
12.84 (9.197, 16.48)

0.4

Goodness of fit:
R-square: 0.8862

f(x) = 100/1+a*exp(-b*x)
100

80

Ownership

60

40
Ownership vs. GDP
Simple logistic function
20

-20

0.2

0.25

0.3
GDP

Coefficients (with 95% confidence bounds):


a = -2.731e+004 (-5.953e+004, 4900)
b=
28.21 (22.72, 33.7)
Goodness of fit:
R-square: 0.9151

0.35

0.4

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