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Two New Uses for a Development Index

Author

Listed:
  • Miles Cahill

    (Department of Economics, College of the Holy Cross)

Abstract

This study introduces two new uses for the development index concept by making use of a variant of the well-known Human Development Index (HDI). Specifically, a modified HDI is estimated using the principal components method of factor analysis. The results will be used to investigate differences in the development process across different regions, and will identify underachieving and overachieving countries for certain key statistics.

Suggested Citation

  • Miles Cahill, 2002. "Two New Uses for a Development Index," Working Papers 0207, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:0207
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    Keywords

    Human Development Index;

    Statistics

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