A Multiplicative Human Development Index
AbstractThis working paper provides an axiomatic foundation of a multiplicative human development index as an alternative to the standard additive one. There are three key advantages that derive from our multiplicative formulation: one, that it is a theoretically wellfounded measure; two, that it does not impose the restriction of having a constant rate of substitution between health, education, and income; and three, that it allows the introduction of distributive considerations. We also present a comparative analysis between the additive and the multiplicative indices, using the 2006 data corresponding to 125 countries. The empirical study illustrates well how our perception of human development depends on the aggregation formula.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Fundacion BBVA / BBVA Foundation in its series Working Papers with number 201099.
Date of creation: Mar 2008
Date of revision:
Multiplicative index; axiomatization.;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Khaled Elmawazini & Gamal Atallah & Sonny Nwankwo & Yazid Dissou, 2013. "US Foreign Affiliates, Technology Diffusion and Host Country Human Development: Human Development Index versus Human Capital," Industry and Innovation, Taylor & Francis Journals, vol. 20(1), pages 69-91, January.
- Nayak, Purusottam & Mishra, SK, 2012. "Efficiency of Pena’s P2 Distance in Construction of Human Development Indices," MPRA Paper 39022, University Library of Munich, Germany.
- Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011.
"The HDI 2010: new controversies, old critiques,"
Journal of Economic Inequality,
Springer, vol. 9(2), pages 249-288, June.
- Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011. "The HDI 2010: New Controversies, Old Critiques," Human Development Research Papers (2009 to present) HDRP-2011-01, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fundacion BBVA / BBVA Foundation).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.