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On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index

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  • Briec, Walter
  • Dumas, Audrey
  • Stenger, Agathe

Abstract

In a recent paper Ramos and Silber (2005) used techniques developed in efficiency analysis to obtain estimates of human development obtained on the basis of Sen (1985) and Narayan et al. (2000) capability approach. In particular they propose to measure standard achievement and well being indexes using a distance function approach. In this paper, it is shown that the ratio based of well-being and standard achievement indexes form the Hicks–Moorsteen index introduced by Bjurek (1996). Along this line, an additive form of the standard achievement and well-being indexes is proposed. In particular, the paper focusses on the case of social inputs. Axiomatic and dual properties are established and some parametric and nonparametric models are proposed.

Suggested Citation

  • Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.
  • Handle: RePEc:eee:ecmode:v:35:y:2013:i:c:p:900-909
    DOI: 10.1016/j.econmod.2013.08.004
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    References listed on IDEAS

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    More about this item

    Keywords

    Well-being index; Standard achievement index; Malmquist productivity index; Hicks–Moorsteen productivity index;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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