An Economic Development Index
AbstractThere is no consensus about which variables, apart from income per capita, serve to characterize or define economic development, or guide its teaching. This paper proposes a simple and operational definition that combines the level of income per capita and the distribution of income. An economic development index is then constructed and used to rank a sample of countries from the well-known Deininger and Squire database. The results differ, significantly in some cases, from rankings produced by the United Nations' Human Development Index and the GDP per capita.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0404010.
Length: 23 pages
Date of creation: 20 Apr 2004
Date of revision:
Note: Type of Document - doc; pages: 23. Microsoft Word 2000
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economic development; indices; income distribution; HDI;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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