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Is the Human Development Index Redundant?

Author

Listed:
  • Miles Cahill

    () (Department of Economics, College of the Holy Cross)

Abstract

It is shown that the component statistics of the HDI are highly correlated with one another. An implication of this correlation is that a wide range of index weights produce indexes that are statistically identical to the HDI. Indexes with only two of the three HDI components are very highly correlated with the HDI. The results can be considered two ways: either the HDI is largely redundant, or the HDI results are robust to a wide range of index weights.

Suggested Citation

  • Miles Cahill, 2002. "Is the Human Development Index Redundant?," Working Papers 0204, College of the Holy Cross, Department of Economics.
  • Handle: RePEc:hcx:wpaper:0204
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    File URL: http://findarticles.com/p/articles/mi_qa3620/is_200501/ai_n13634839
    File Function: Final published version, 2005
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    More about this item

    Keywords

    Human Development Index;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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