Composite Indices of Human Well-being: Past, Present, and Future

Mark McGillivray and Farhad Noorbakhsh

No RP2004-63, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper surveys the various composite well-being indices that have been inter-country assessments over the last 40 or so years, including the well known Human Development Index (HDI). A number of issues are considered, including the choice of components, component weights, scale equivalence, non-linearity, correlations among components and the policy relevance of such measures.

Keywords: Economic development; Index numbers (Economics); Poverty measurement; Quality of life (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Composite Indices of Human Well-being: Past, Present, and Future (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2004-63

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