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Author Info

  • Enrico Casadio Tarabusi

    ()
    (Università degli Studi di Roma "La Sapienza", Dipartimento di Matematica "G. Castelnuovo", Roma (Italy))

  • Paolo Palazzi

    ()
    (Università degli Studi di Roma "La Sapienza", Dipartimento di Scienze Economiche, Roma (Italy))

Abstract

As a possible improvement to the United Nations' Human Development Index (HDI), we propose including in the set of individual variables some of an environmental or social nature. Thus, by rescaling all the variables non-linearly it is possible to mitigate the effect of outliers and synthesize by principal components, or alternatively by a different averaging method that takes sustainability into account and penalizes unbalances among different aspects of development. Both methods are easy to implement and calibrate. The ensuing effect on the ranking of world countries is compared to the HDI ranking.

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File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9827/9712
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Bibliographic Info

Article provided by Banca Nazionale del Lavoro in its journal Banca Nazionale del Lavoro Quarterly Review.

Volume (Year): 57 (2004)
Issue (Month): 229 ()
Pages: 185-206

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Handle: RePEc:psl:bnlqrr:2004:25

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Related research

Keywords: Development; Sustainability;

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References

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  1. Satya R. Chakravarty, 2003. "A Generalized Human Development Index," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 99-114, February.
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Citations

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Cited by:
  1. Tommaso Luzzati & Gianluca Gucciardi, 2012. "Una classifica robusta della sostenibilità delle regioni italiane," Discussion Papers 2012/140, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  2. Ács, Zoltán J. & Autio, Erkko & Szerb, László, 2014. "National Systems of Entrepreneurship: Measurement issues and policy implications," Research Policy, Elsevier, vol. 43(3), pages 476-494.
  3. Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "Un indice per lo sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(226), pages 123-149.
  4. Szerb, László & Komlósi, Éva & Ács J., Zoltán & Ortega-Argilés, Raquel, 2014. "A vállalkozási tevékenység regionális különbségei Magyarországon a regionális vállalkozási és fejlődési index alapján
    [Regional differences in entrepreneurship in Hungary, based on
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 233-261.
  5. Geoffrey Tso & Kelvin Yau & C. Yang, 2011. "Sustainable Development Index in Hong Kong: Approach, Method and Findings," Social Indicators Research, Springer, vol. 101(1), pages 93-108, March.
  6. Enrico Casadio Tarabusi & Giulio Guarini, 2013. "An Unbalance Adjustment Method for Development Indicators," Social Indicators Research, Springer, vol. 112(1), pages 19-45, May.
  7. Paolo Palazzi, 2004. "Lo sviluppo come fenomeno multidimensionale. Confronto tra lÕISU e un indice di sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(227), pages 279-309.
  8. Luca Salvati, 2014. "Toward a ‘Sustainable’ land degradation? Vulnerability degree and component balance in a rapidly changing environment," Environment, Development and Sustainability, Springer, vol. 16(1), pages 239-254, February.
  9. László Szerb & Éva Komlósi & Zoltán J. Ács & Raquel Ortega-Argilés, 2013. "Measuring Regional Entrepreneurship in Hungary," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2013), Óbuda University, Keleti Faculty of Business and Management.

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