A reconsideration of the tradeoffs in the new human development index |
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Authors: | Satya R Chakravarty |
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Institution: | (1) Graduate School of Energy Science, Kyoto University, Yoshida-honmachi, Sakyo-ku, Kyoto 606-8501, Japan |
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Abstract: | This paper demonstrates that the perfect tradeoff implication of the old Human Development Index can be avoided by employing
a notion of imperfect tradeoff in the characterization of the Human Development Index. The resulting index is shown to be
ordinally equivalent to the Chakravarty (Rev Dev Econ 7:99–114, 2003) generalized Human Development Index. |
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Keywords: | |
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