Chaotic signals from HDI measurement
The Human Development Index (HDI) is designed to provide a development measure competing with GDP, and it has been reformed several times to this end. The 1996 and 1997 reports, however, reveal a severe new flaw in the HDI: the transformation of GDP changes into the index of human development is completely misleading, as higher real per capita GDP often causes lower HDI values, and vice-versa. This transformation is generally highly sensitive to the initial GDP, resulting in chaotic transformation patterns. Relatively marginal modifications to the measurement of HDI could solve this problem.
Year of publication: |
2000
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Authors: | Luchters, Guido ; Menkhoff, Lukas |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 4, p. 267-270
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Publisher: |
Taylor & Francis Journals |
Saved in:
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