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Publication Type : Journal Article
Publisher : Applied Economics Letters, Routledge
Source : Applied Economics Letters, vol. 3, pp. 677-682, 1996s
Campus : Amritapuri
School : School of Economics
Center : Amrita Center for Economics & Governance (ACEG)
Department : Department of Economics
Year : 1996
Abstract : The paper proposes a modified human development index (HDI) which complies with the view of the Sen and others that an increase in the value of a physical indicator at a higher level represents a greater achievement than an equal increase in its value at the lower level. It also includes an infant survival rate, which is another important key indicator of development. The relative ranking of countries based on the modified index is significantly different from that based on the traditional HDI. This indicates the empirical usefulness of the proposed index.
Cite this Research Publication : Dr. Satya Paul, “A modified human development index and international comparison”, Applied Economics Letters, vol. 3, pp. 677-682, 1996.