Luchters, Guido; Menkhoff, Lukas - In: Applied Economics Letters 7 (2000) 4, pp. 267-270
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...