IDEAS home Printed from https://ideas.repec.org/a/psl/moneta/200432.html
   My bibliography  Save this article

Lo sviluppo come fenomeno multidimensionale. Confronto tra lÕISU e un indice di sviluppo sostenibile

Author

Listed:
  • Paolo Palazzi

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

Abstract

On the basis of the UNDP data used to calculate the Human Development Index (HDI), the paper applies a methodology to determine a different development index able to show disequilibria between the different aspects of development (in this case income, life expectancy and education). The basic idea is that the concept of total substitutability between the variables utilized to calculate the HDI must be abandoned, and it is therefore important to take into account the unbalance between the various aspects characterizing the development level when calculating the index. The author utilizes the concept of the social sustainability of development over time, assuming that it will show a higher value with a more even balance between the various aspects of development. The concave average methodology proposed in Casadio Tarabusi ePalazzi (2004) is able to "penalize" development levels proportionally to the disequilibrium of the variables utilized to measure it. In the paper the new indicator is calculated for 162 countries for the years 1997-2001. Comparison between HDI and the new index shows notable differences not only in the ranking of the countries, but also in the time dynamics of the two indicators, now of the opposite sign for many countries. Finally, utilizing multivariate statistical analysis the presence of disequilibria in the various countries is evidenced together with their dynamics over time.

Suggested Citation

  • 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.
  • Handle: RePEc:psl:moneta:2004:32
    as

    Download full text from publisher

    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9966/9841
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. P. Palazzi & A. Lauri, 1998. "The Human Development Index: suggested corrections," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 51(205), pages 193-221.
    3. Alkire, Sabina, 2002. "Dimensions of Human Development," World Development, Elsevier, vol. 30(2), pages 181-205, February.
    4. 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.
    5. Sagar, Ambuj D. & Najam, Adil, 1998. "The human development index: a critical review," Ecological Economics, Elsevier, vol. 25(3), pages 249-264, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elisabetta Segre & Tommaso Rondinella & Massimiliano Mascherini, 2011. "Well-Being in Italian Regions. Measures, Civil Society Consultation and Evidence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 102(1), pages 47-69, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011. "The HDI 2010: new controversies, old critiques," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 249-288, June.
    2. Leandro Prados de la Escosura, 2021. "Augmented human development in the age of globalization," Economic History Review, Economic History Society, vol. 74(4), pages 946-975, November.
    3. Elizabeth Stanton, 2007. "The Human Development Index: A History," Working Papers wp127, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Jamshed Y. Uppal & Syeda Rabab Mudakkar, 2013. "Human Development and Economic Uncertainties: Exploring Another Dimension of Development," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 18(Special E), pages 305-334, September.
    5. Po-Chin Wu & Chiung-Wen Fan & Sheng-Chieh Pan, 2014. "Does Human Development Index Provide Rational Development Rankings? Evidence from Efficiency Rankings in Super Efficiency Model," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 116(2), pages 647-658, April.
    6. Mark McGillivray & Farhad Noorbakhsh, 2004. "Composite Indices of Human Well-being: Past, Present, and Future," WIDER Working Paper Series RP2004-63, World Institute for Development Economic Research (UNU-WIDER).
    7. Srijit Mishra & Hippu Slak Kristle Nathan, 2013. "Measuring human development index: The old, the new and the elegant," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-020, Indira Gandhi Institute of Development Research, Mumbai, India.
    8. Sabina Alkire, James Foster, 2010. "Designing the Inequality-Adjusted Human Development Index (HDI)," OPHI Working Papers 37, Queen Elizabeth House, University of Oxford.
    9. Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "Un indice per lo sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(226), pages 123-149.
    10. 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.
    11. Vanesa Jordá & José Sarabia, 2015. "International Convergence in Well-Being Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 1-27, January.
    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. Francisco J. Arcelus & Kanhaiya Lal Sharma & Gopalan Srinivasan, 2005. "The Human Development Index Adjusted for Efficient Resource Utilization," WIDER Working Paper Series RP2005-08, World Institute for Development Economic Research (UNU-WIDER).
    14. Issaka Dialga, 2016. "L'Indice du Développement Humain ou l'indice monétaire de développement ? Evidences par l’Analyse en Composantes Principales," Working Papers hal-01308724, HAL.
    15. Raquel Lourenço Carvalhal Monteiro & Valdecy Pereira & Helder Gomes Costa, 2018. "A Multicriteria Approach to the Human Development Index Classification," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(2), pages 417-438, April.
    16. Panagiotis Ravanos & Giannis Karagiannis, 2021. "A VEA Benefit-of-the-Doubt Model for the HDI," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(1), pages 27-46, May.
    17. Upasak Das & Udaya S. Mishra, 2020. "Towards Conceptualization of a Household Educational Indicator: Incorporating Externalities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(1), pages 289-309, July.
    18. Mangaraj, B.K. & Aparajita, Upali, 2020. "Constructing a generalized model of the human development index," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    19. Nayak, Purusottam, 2013. "Methodological Developments in Human Development Literature," MPRA Paper 50608, University Library of Munich, Germany.
    20. Sergey BLINOV, 2017. "Inflation and economic growth," Journal of Economics Library, KSP Journals, vol. 4(3), pages 345-358, September.

    More about this item

    Keywords

    Development; Education; Human Development; Indice;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:psl:moneta:2004:32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.