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The Concept of Human Development Index


  • Cristina BALACEANU

    („Dimitrie Cantemir” Christian University)

  • Diana APOSTOL

    („Dimitrie Cantemir” Christian University)


The transition from the aggregate indicator reflecting the economic value of goods produced by an economy over a specified period of time, to sustain aggregate demand (GDP), feebly covering the individual’s socio-economic and environmental needs, to the aggregate indicator that also reflects non-quantifiable aspects, such as individual's total satisfaction generated by the coverage of human needs , in addition to quantifiable aspects, under the form of revenue obtained through the use of production factors, out of the aggregate Gross National Income (GNI) used to the assess national welfare and implicitly the living standard.

Suggested Citation

  • Cristina BALACEANU & Diana APOSTOL, 2012. "The Concept of Human Development Index," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(1), pages 111-116, March.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:1:p:111-116

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    References listed on IDEAS

    1. Fama, Eugene F., 1996. "Multifactor Portfolio Efficiency and Multifactor Asset Pricing," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 31(04), pages 441-465, December.
    2. Bekaert, Geert & Urias, Michael S, 1996. " Diversification, Integration and Emerging Market Closed-End Funds," Journal of Finance, American Finance Association, vol. 51(3), pages 835-869, July.
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    Cited by:

    1. Emilia PASCU, 2012. "Tourism Infrastructure – a Factor which Influences the Quality of Tourism Services," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 265-269, November.


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