The Human Development Index: suggested corrections

Paolo Palazzi and A. Lauri
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A. Lauri: Universita' degli Studi di Roma "La Sapienza"

BNL Quarterly Review, 1998, vol. 51, issue 205, 193-221

Abstract: Full substitutability and equal weighting principles of the human development index (HDI) have been found to be ineffective in determining appropriate HDI values and should therefore be dropped. An index can be devised with equal distribution of values of the component variables to correct HDI in proportion to a country's distance from the perfect equilibrium point while differential weighting may be substituted with a line in three dimensional space.

Keywords: Methods; Economic indicators; Social economics; Human development index (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (15)

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