Is the Human Development Index Redundant?

It is shown that the component statistics of the HDI are highly correlated with one another. An implication of this correlation is that a wide range of index weights produce indexes that are statistically identical to the HDI. Indexes with only two of the three HDI components are very highly correlated with the HDI. The results can be considered two ways: either the HDI is largely redundant, or the HDI results are robust to a wide range of index weights.

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Year of publication:	2002-12
Authors:	Cahill, Miles
Institutions:	Department of Economics and Accounting, College of the Holy Cross
Subject:	Human Development Index

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Extent:	text/html
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Eastern Economic Journal, Vol. 31:1, Winter 2005, pp. 1-5. Number 0204
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O15 - Human Resources; Income Distribution; Migration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005526888