Un indice per lo sviluppo sostenibile
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.
References listed on IDEAS
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- Satya R. Chakravarty, 2003. "A Generalized Human Development Index," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 99-114, February.
- Enrico Casadio Tarabusi & Paolo Palazzi, 2004.
"An index for sustainable development,"
BNL Quarterly Review,
Banca Nazionale del Lavoro, vol. 57(229), pages 185-206.
- P. Palazzi & A. Lauri, 1998.
"The Human Development Index: suggested corrections,"
BNL Quarterly Review,
Banca Nazionale del Lavoro, vol. 51(205), pages 193-221.
- P. Palazzi & A. Lauri, 1998. "The Human Development Index: suggested corrections," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(205), pages 193-221.
- Lawn, Philip A., 2003. "A theoretical foundation to support the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and other related indexes," Ecological Economics, Elsevier, vol. 44(1), pages 105-118, February.
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