What's beyond the human developement index?
In this note, we firstly discuss Chakravarty (2003) axiomatic foundation of the Generalized Human Development Index (GHDI) then we pro- pose a different set of axioms through which a class of Foster-Shorrocks-like Human Development Measures phases out. As we will argue, this class better deals with some recent philosofical advancements of the Capability Approach.
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- Neumayer, Eric, 2001. "The human development index and sustainability -- a constructive proposal," Ecological Economics, Elsevier, vol. 39(1), pages 101-114, October.
- Satya R. Chakravarty, 2003. "A Generalized Human Development Index," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 99-114, February.
- Sagar, Ambuj D. & Najam, Adil, 1998. "The human development index: a critical review," Ecological Economics, Elsevier, vol. 25(3), pages 249-264, June.
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