Does the American Tariff Protect Labor

Cover Does the American Tariff Protect Labor
Does the American Tariff Protect Labor
William P William Penfield Travis
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The correlation between the two types of coefficients is inherent since 1*0 = lO I + lO aO + 1° (A°)^ + ... + l"" (A^) • = 1° (I - A°)-^ and all the elements a^^j are less than unity. Thus the direct coefficients tend to dominate in the determination of the direct- plus-indirect coefficients. The actual correlation coefficient cited -45- earlier, Is . 886. This does not indicate directly what the correlation between tariffs and dlrect-plus-lndlrect coefficients Is, but the range within which th
...at correlation coefficient must fall can be computed.
Suppose, for notatlonal simplicity, that there are three vectors, a, b, and c, and that the correlation, r^'^, between be a and c Is known and that r is also known. The maximum and ab minimum correlation, r, between a and b will occur when all three vectors lie In the same two-dimensional plane in the n-space of observations. The coefficient r^*^ is the cosine of be the angle A between a and c, r is the cosine of the angle D between b and c.


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