Is the Human Development Index Redundant?
AbstractIt is shown that the component statistics of the HDI are highly correlated with one another. The paper demonstrates that an implication of this correlation is that a wide range of index weights produce indexes that are statistically identical to the HDI. Indexes with only two of the three HDI components are very highly correlated with the HDI. These results can be interpreted two ways: either the HDI is robust to a wide range of index weights, or it is largely redundant.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 31 (2005)
Issue (Month): 1 (Winter)
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Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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- Miles Cahill, 2002. "Diminishing returns to GDP and the Human Development Index," Applied Economics Letters, Taylor & Francis Journals, vol. 9(13), pages 885-887.
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- Mozaffar Qizilbash, 1996. "Capabilities, well-being and human development: A survey," Journal of Development Studies, Taylor & Francis Journals, vol. 33(2), pages 143-162.
- Hicks, Norman & Streeten, Paul, 1979. "Indicators of development: The search for a basic needs yardstick," World Development, Elsevier, vol. 7(6), pages 567-580, June.
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