Is the Human Development Index Redundant?
Document Type
Working Paper
Date of This Version
12-1-2002
Keywords
Human Development Index
Abstract
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.
Working Paper Number
0204
Recommended Citation
Cahill, Miles, "Is the Human Development Index Redundant?" (2002). Economics Department Working Papers. Paper 114.
https://crossworks.holycross.edu/econ_working_papers/114
Published Version
This article was published as: Cahill, M. (2005). Is the Human Development Index Redundant?. Eastern Economic Journal, 31(1), pp. 1-5.
Fulltext URL for Link
http://findarticles.com/p/articles/mi_qa3620/is_200501/ai_n13634839