Measuring Human Development in the MENA Region

Mehmet Pinar, Thanasis Stengos and Ege Yazgan ()

Emerging Markets Finance and Trade, 2015, vol. 51, issue 6, 1179-1192

Abstract: We aim to assess welfare improvements in the Middle East and North Africa (MENA) region using the Human Development Index (HDI). We obtain weighting schemes that yield the best- and worst-case scenarios for measured human development, relying on consistent tests for stochastic dominance efficiency (SDE), with the official equally weighted HDI taken as a benchmark. In the best-case scenario index, life expectancy and GDP indexes receive the highest weights for the 1975–2005 period, while the education index is the dominant contributor to the worst-case scenario in the same period. In addition, we observe a relative change in the best- and worst-case scenarios between two fifteen-year periods. The GDP index is the main contributor to the best-case scenario between 1975 and 1990, whereas the education index is the main contributor to the worst-case scenario during that period. Life expectancy is the main contributor to the best-case scenario in the 1990–2005 period, while the GDP and education indexes are the primary contributors to the worst-case scenario during that period.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:51:y:2015:i:6:p:1179-1192

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DOI: 10.1080/1540496X.2015.1080517

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