Improving Human Development: A Long-run View
AbstractThe pessimistic flavour of the Human Development Reports appears to be in contradiction with their own numbers as developing countries fare comparatively better in human development than in per capita GDP terms. This paper attempts to bridge this gap by providing a new, ‘improved’ human development index [IHDI], informed by welfare economics. The IHDI is presented here alongside the UNDP’s HDI for the world and its main regions since the late nineteenth century. Social dimensions in the IHDI are derived, following Kakwani (1993), with a convex achievement function, while a geometric average is employed to combine its dimensions (longevity, knowledge, and income). Thus, the IHDI does not conceal the gap between rich and poor countries and casts a much less optimistic view than the conventional UNDP index, while fits with the UNDP concern for international differences. The paper’s findings highlight main weaknesses in human development dimensions of present-day developing countries.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7982.
Date of creation: Sep 2010
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Other versions of this item:
- Prados de la Escosura, Leandro, . "Improving human development : a long-run view," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/8987, Universidad Carlos III de Madrid.
- Leandro Prados de la Escosura, 2010. "Improving human development: a long-run view," Working Papers in Economic History wp10-07, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Prados de la Escosura, Leandro, 2010. "Improving human development: a long-run view," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/10187, Universidad Carlos III de Madrid.
- I00 - Health, Education, and Welfare - - General - - - General
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Sostenibilidad del desarrollo: hacia una contabilidad histórica del ahorro genuino
by juanhmex in Pasado y Presente de la Economia Mundial on 2013-02-27 10:19:04
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