A proposal for modified human development index for BRICS countries. A holistic approach towards sustainable human development
Study attempts to align HDI with the Sustainable Human Development approach. Modified HDI, integrating employment, human values, environmental sustainability, quality aspects of health and education, as a simple generalization within the structure of the existing methodology, is developed for BRICS...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2023-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1680.pdf
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| Summary: | Study attempts to align HDI with the Sustainable Human Development approach.
Modified HDI, integrating employment, human values, environmental sustainability, quality aspects
of health and education, as a simple generalization within the structure of the existing methodology,
is developed for BRICS countries for the period 2000-2019. Proposed MHDI’s environmental
sustainability dimension index was created using Principal Component Analysis. Framed
dimensional indices were regressed on the MHDI values, followed by post-hoc analysis, assisted in
generating policy implications. Computed MHDI scores were lower than HDI values for all BRICS
members, indicating a lower human development scenario in these countries than what HDI
perceives. |
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| ISSN: | 1841-8678 1844-0029 |