How Robust is the Human Development Index?
AbstractThe United Nations Development Programme's Human Development Index (HDI) has become a standard international measure of development. However, it has been criticized on several grounds. This paper investigates how robust the HDI is to changing two contentious aspects: the component statistics and the weighting scheme. An alternative index is computed using four times as many component statistics (and only life expectancy in common) and principal components to determine weights. The results are that the alternative index is very closely correlated with the HDI, suggesting the HDI is robust to alternative specifications. However, some advantages of the alternative methodology are detailed.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0203.
Date of creation: Dec 2002
Date of revision:
Contact details of provider:
Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
More information through EDIRC
Human Development Index;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson).
If references are entirely missing, you can add them using this form.