In this paper, an alternative skew Student-<italic>t</italic> family of distributions is studied. It is obtained as an extension of the generalized Student-<italic>t</italic> (GS-<italic>t</italic>) family introduced by McDonald and Newey [10]. The extension that is obtained can be seen as a reparametrization of the skewed GS-<italic>t</italic> distribution...

Existing work in growth empirics either assumes linearity of the growth function or attempts to capture non-linearities by the addition of a small number of quadratic or multiplicative interaction terms. Under a more generalized failure of linearity or if the functional form taken by the...

This paper introduces a new and comprehensive Human Development Index (HDI) trends dataset for 135 countries and 40 years of annual data. We apply this dataset to answer several empirical questions related to the evolution of human development over the last 40 years. The data reveal overall...

Since its introduction in the first Human Development Report in 1990, the Human Development Index (HDI) has attracted great interest in policy and academic circles, as well as in the media and national audiences around the world. Its popularity can be attributed to the simplicity of its...