Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis

The Human development index is one of the most frequently used indicators of living conditions of population. We can find three dimensions in its structure – education, health and living standard. Since HDI represents a composite indicator combining three different indicators it is necessary to meas...

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Main Authors: Petr Mazouch, Kristýna Vltavská, Tomáš Staněk
Format: Article
Language:English
Published: Czech Statistical Office 2016-12-01
Series:Statistika: Statistics and Economy Journal
Subjects:
Online Access:https://www.czso.cz/documents/10180/32912820/32019716q4005.pdf/80085f28-a9d1-4307-8301-34533c1a4de3?version=1.1
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author Petr Mazouch
Kristýna Vltavská
Tomáš Staněk
author_facet Petr Mazouch
Kristýna Vltavská
Tomáš Staněk
author_sort Petr Mazouch
collection DOAJ
description The Human development index is one of the most frequently used indicators of living conditions of population. We can find three dimensions in its structure – education, health and living standard. Since HDI represents a composite indicator combining three different indicators it is necessary to measure the sensitivity of each of its components. HDI is widely used to compare countries from any part of the world and therefore the variability of the indicators is high. The aim of this article is to show the dependency and mutual influence of individual imputed indicators to HDI. The construction of HDI and theoretical methods of sensitivity are also covered. Results show that the influence of individual inputs on the final HDI and its robustness differ among individual types of input and the strongest correlation of HDI occurs with the dimension of living standard. The influence of other indicators is affected by some other technical parameters of HDI construction.
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spelling doaj.art-1d30947834d94caba0431e91c49881c12022-12-21T18:44:07ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652016-12-01964518Towards the Unnecessity of Human Development Index: The Case of Sensitivity AnalysisPetr Mazouch0Kristýna Vltavská1Tomáš Staněk2University of Economics, Prague, Czech RepublicUniversity of Economics, Prague, Czech RepublicUniversity of Economics, Prague, Czech RepublicThe Human development index is one of the most frequently used indicators of living conditions of population. We can find three dimensions in its structure – education, health and living standard. Since HDI represents a composite indicator combining three different indicators it is necessary to measure the sensitivity of each of its components. HDI is widely used to compare countries from any part of the world and therefore the variability of the indicators is high. The aim of this article is to show the dependency and mutual influence of individual imputed indicators to HDI. The construction of HDI and theoretical methods of sensitivity are also covered. Results show that the influence of individual inputs on the final HDI and its robustness differ among individual types of input and the strongest correlation of HDI occurs with the dimension of living standard. The influence of other indicators is affected by some other technical parameters of HDI construction.https://www.czso.cz/documents/10180/32912820/32019716q4005.pdf/80085f28-a9d1-4307-8301-34533c1a4de3?version=1.1Human Development IndexSensitivity AnalysisGross National IncomeEducationHealth
spellingShingle Petr Mazouch
Kristýna Vltavská
Tomáš Staněk
Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
Statistika: Statistics and Economy Journal
Human Development Index
Sensitivity Analysis
Gross National Income
Education
Health
title Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
title_full Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
title_fullStr Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
title_full_unstemmed Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
title_short Towards the Unnecessity of Human Development Index: The Case of Sensitivity Analysis
title_sort towards the unnecessity of human development index the case of sensitivity analysis
topic Human Development Index
Sensitivity Analysis
Gross National Income
Education
Health
url https://www.czso.cz/documents/10180/32912820/32019716q4005.pdf/80085f28-a9d1-4307-8301-34533c1a4de3?version=1.1
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AT kristynavltavska towardstheunnecessityofhumandevelopmentindexthecaseofsensitivityanalysis
AT tomasstanek towardstheunnecessityofhumandevelopmentindexthecaseofsensitivityanalysis