Nathan, Hippu Salk Kristle; Mishra, Srijit; Reddy, B. … - East Asian Bureau of Economic Research (EABER) - 2008
The popularly known Human Development Index (HDI) is obtained through linear averaging (LA) of indices in three dimensions - health, education and standard of living. LA method assumes perfect substitutability among the indices. We question its appropriateness and propose an alternative measure,...