An Alternative Human Development Index Considering Unemployment

• Authors: Mehmet Taner , Bülent Sezen , Hakan Mıhcı
• Languages of publication: EN

Abstracts

EN

The Human Development Index (HDI) has played an influential role in the debate on human development (HD) for many years. However, no index is perfect and neither is the HDI of the United Nations Development Program (UNDP). This paper aims to construct a new composite index for the development performance of a sample of 30 Organization for Economic Co-operation and Development (OECD) countries by adding a fourth indicator, namely the unemployment index, to the calculation of HDI. The addition of the unemployment factor to the HDI as a new indicator has the potential to make the index more comprehensive and present a suitable approach for assessing the development performance of countries.

Keywords

EN

Development; Human Development; Human Development Index; Unemployment; OECD countries

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2011
• Volume: 6
• Issue: 1
• Pages: 45-60

Dates

published

2011-04-01

online

2011-06-03

Contributors

author

Mehmet Taner

• Faculty of Business Administration, Gebze Institute of Technology, Çayırova 41400, Kocaeli, Turkey

author

Bülent Sezen

• Faculty of Business Administration, Gebze Institute of Technology, Çayırova 41400, Kocaeli, Turkey

author

Hakan Mıhcı

• Department of Economics, Hacettepe University, Beytepe 06800, Ankara, Turkey

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Identifiers

DOI

10.2478/v10033-011-0005-z