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An index for sustainable development

Author

Listed:
  • Enrico Casadio Tarabusi

    () (Università degli Studi di Roma "La Sapienza", Dipartimento di Matematica "G. Castelnuovo", Roma (Italy))

  • Paolo Palazzi

    () (Università degli Studi di Roma "La Sapienza", Dipartimento di Scienze Economiche, Roma (Italy))

Abstract

As a possible improvement to the United Nations' Human Development Index (HDI), we propose including in the set of individual variables some of an environmental or social nature. Thus, by rescaling all the variables non-linearly it is possible to mitigate the effect of outliers and synthesize by principal components, or alternatively by a different averaging method that takes sustainability into account and penalizes unbalances among different aspects of development. Both methods are easy to implement and calibrate. The ensuing effect on the ranking of world countries is compared to the HDI ranking.

Suggested Citation

  • Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "An index for sustainable development," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 57(229), pages 185-206.
  • Handle: RePEc:psl:bnlqrr:2004:25
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9827/9712
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    References listed on IDEAS

    as
    1. Satya R. Chakravarty, 2003. "A Generalized Human Development Index," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 99-114, February.
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    Cited by:

    1. Zoltán J. Ács & Erkko Autio & László Szerb, 2015. "National Systems of Entrepreneurship: Measurement issues and policy implications," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 28, pages 523-541 Edward Elgar Publishing.
    2. László Szerb & Éva Komlósi & Balázs Páger, 2016. "Measuring Entrepreneurship and Optimizing Entrepreneurship Policy Efforts in the European Union," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(3), pages 08-23, October.
    3. Enrico Casadio Tarabusi & Giulio Guarini, 2013. "An Unbalance Adjustment Method for Development Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 112(1), pages 19-45, May.
    4. Szerb, László & Komlósi, Éva & Ács J., Zoltán & Ortega-Argilés, Raquel, 2014. "A vállalkozási tevékenység regionális különbségei Magyarországon a regionális vállalkozási és fejlődési index alapján
      [Regional differences in entrepreneurship in Hungary, based on the regional ent
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 233-261.
    5. Angela Cipollone & Carlo D'Ippoliti, 2008. "Discriminating Factors of Women's Employment. Using Territorial Heterogeneity to Inform Policy," Quaderni DEF 145, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    6. Matteo Mazziotta & Adriano Pareto, 2016. "On a Generalized Non-compensatory Composite Index for Measuring Socio-economic Phenomena," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 983-1003, July.
    7. Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "Un indice per lo sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(226), pages 123-149.
    8. Luzzati, T. & Gucciardi, G., 2015. "A non-simplistic approach to composite indicators and rankings: an illustration by comparing the sustainability of the EU Countries," Ecological Economics, Elsevier, vol. 113(C), pages 25-38.
    9. repec:ces:ifodic:v:14:y:2016:i:3:p:19255694 is not listed on IDEAS
    10. László Szerb & Éva Komlósi & Zoltán J. Ács & Raquel Ortega-Argilés, 2013. "Measuring Regional Entrepreneurship in Hungary," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2013), Óbuda University, Keleti Faculty of Business and Management.
    11. Tommaso Luzzati, Bruno Cheli, Gianluca Gucciardi, 2017. "Communicating the uncertainty of synthetic indicators: a reassessment of the HDI ranking," Discussion Papers 2017/228, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    12. Enrico Casadio Tarabusi & Giulio Guarini, 2016. "Level Dependence of the Adjustment for Unbalance and Inequality for the Human Development Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(2), pages 527-553, March.
    13. Tommaso Luzzati & Gianluca Gucciardi, 2012. "Una classifica robusta della sostenibilità delle regioni italiane," Discussion Papers 2012/140, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    14. Geoffrey Tso & Kelvin Yau & C. Yang, 2011. "Sustainable Development Index in Hong Kong: Approach, Method and Findings," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 101(1), pages 93-108, March.
    15. Emanuele Felice & Josep Pujol Andreu & Carlo D'Ippoliti, 2016. "GDP and life expectancy in Italy and Spain over the long run: A time-series approach," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 35(28), pages 813-866, September.
    16. Luzzati Tommaso & Cheli Bruno & Arcuri S., 2014. "Measuring the sustainability performances of the Italian regions," Discussion Papers 2014/187, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    17. Acs, Zoltan J. & Estrin, Saul & Mickiewicz, Tomasz & Szerb, László, 2014. "The Continued Search for the Solow Residual: The Role of National Entrepreneurial Ecosystem," IZA Discussion Papers 8652, Institute for the Study of Labor (IZA).
    18. Angela Cipollone & Carlo D'Ippoliti, 2009. "Women's Employment: Beyond Individual Characteristics vs. Contextual Factors Explanations," Working Papers CELEG 0901, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    19. Paolo Palazzi, 2004. "Lo sviluppo come fenomeno multidimensionale. Confronto tra lÕISU e un indice di sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(227), pages 279-309.
    20. Luca Salvati, 2014. "Toward a ‘Sustainable’ land degradation? Vulnerability degree and component balance in a rapidly changing environment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 16(1), pages 239-254, February.

    More about this item

    Keywords

    Development; Sustainability;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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