New Indicators and Measurement Methods for Welfare in the Global Economy Era

2022 ◽  
pp. 8-32
Author(s):  
Mikail Kar
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Global Economy ◽  
Multidimensional Poverty ◽  
Measurement Methods ◽  
Social Progress ◽  
Development Index ◽  
Multidimensional Poverty Index ◽  
Better Life Index ◽  
Country Rankings

This study discusses the inadequacy of GDP alone as a measure of welfare in the global economic age and examines alternative welfare indicators and measurement methods. This study, which discusses the human development index (HDI), the inequality adjusted human development index (I-HDI), the gender inequality index (GII), the multidimensional poverty index (MPI), the social progress index (SPI), the happy planet index (HPI), the better life index (BLI), the Legatum prosperity index(LPI), the human capital index (HCI), and the ecological footprint (EF) methods, shares the country rankings of these methods and reveals the differences in the results depending on the method. It also draws attention to the differences between the economic size and welfare level by sharing the rankings of the world's 10 largest economies in alternative methods. In addition, the study examines the obstacles to the inability to establish a complete, precise, and generally accepted method of measuring welfare.

An Analysis of The Relation Between Foreign Direct Investment and Sociopolitical Variables in MENA Countries by Panel Regression

2019 ◽  
Vol 8 (1) ◽  
pp. 15-30
Author(s):  
Betül Gür
Keyword(s):  
Foreign Direct Investment ◽  
Human Development ◽  
Human Development Index ◽  
Direct Investment ◽  
Multidimensional Poverty ◽  
Panel Regression ◽  
Poverty Index ◽  
Development Index ◽  
Mena Countries ◽  
Multidimensional Poverty Index

Foreign direct investment (FDI) plays the role of an accelerator for the economic growth in host countries. Countries that provide the suitable environment economically and politically get ahead in this race. Over the last five years, the weighted importance of sociopolitical variables in the decision-making process has increased. The countries of the Middle East and North Africa (MENA) region, although they have a potential to develop, are regarded as country groups that have not yet fully achieved this. This article reveals and interprets the relationship between FDI and sociopolitical variables such as political risk, human development index, terrorism risk index, multidimensional poverty index, the rule of law, regulatory quality, and control of corruption, utilizing panel regression analysis. In the analysis of the MENA countries covering the years 2010-2016, it was concluded that all independent variables except the human development index and multidimensional poverty index were statistically significant and effective on FDI.

scholarly journals Modeling of human development index in the world

2020 ◽  
pp. 33-43
Author(s):  
A. Stavytskyy ◽  
V. Sachko
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Financial Stability ◽  
The State ◽  
Social Progress ◽  
The European Union ◽  
Development Index ◽  
Econometric Methods ◽  
The World ◽  
The Impact

The article considers the impact of human development on changes and transformations in economics and on the general development of the state for the countries of the European Union and Ukraine in the period from 1990 to 2018, as well as ways of its modeling using statistical and econometric methods. The analysis of the factors influencing the development of human capital made it possible to draw a conclusion about the direct dependence of changes in the economic and social spheres and the level of quality of life of the population. Innovative universities, namely University 4.0, also in turn play a significant role in shaping the new modern knowledge economy and the development of the state as a whole, influencing society through cognitive technologies. To determine the results, time series models and multiple and panel regression models were developed based on the data of the Human Development Index and other socio-economic indicators that determine the financial stability of the state and the level of its security and welfare. The obtained models were tested for adequacy, significance of coefficients, stability and possibility of their use in practice in order to determine the most optimal of them. After conducting the necessary tests and calculating the error of RMSPE, the best of all constructed and analyzed models was the Holt-Winters model. It is universal and can be used to further forecast the economic, social and demographic indicators of other regions of the world with possible adjustments of the main parameters and coefficients to obtain the most accurate results and use this model in practice. The study concluded with an analysis of the main areas of reform and recovery of the Ukrainian economy and the spheres of education and health care to achieve social progress in the country and increase its level of development.

scholarly journals Sebuah Alternatif: Better Life Index sebagai Ukuran Pembangunan Multidimensi di Indonesia

2016 ◽  
Vol 16 (2) ◽  
pp. 123-140
Author(s):  
Dody Pratomo ◽  
Bagus Sumargo
Keyword(s):  
Economic Growth ◽  
Regional Development ◽  
Human Development ◽  
Human Development Index ◽  
Lower Middle Class ◽  
Life Index ◽  
Development Index ◽  
Better Life Index ◽  
East Kalimantan ◽  
North Sulawesi

An Alternative: Better Life Index as a Measure of Multidimensional Development in IndonesiaThe purpose of this study is to get value-BLI Better Life Index as a measure of success of development in Indonesia, and to analyze the relationship between BLI with the human development index HDI, index IPR regional development, and economic growth. BLI formation method through three stages: normalization, weighting, and aggregation. The results show that Indonesia’s BLI is in the lower-middle class. Province of Jakarta, East Kalimantan, North Sulawesi, Riau and South Sumatra with the highest value of BLI. BLI size has a positive and significant correlation with IPM and IPR compiled by the BPS-Statistics Indonesia. However, BLI was significantly negatively correlated with economic growth.Keywords: Dimension of Development; Better Life Index; Human Development Index; Regional Development Index; Index Economic Growth AbstrakTujuan penelitian ini adalah mendapatkan nilai Better Life Index (BLI) sebagai ukuran keberhasilan pembangunan di Indonesia, serta menganalisis hubungan antara BLI dengan Indeks Pembangunan Manusia (IPM), Indeks Pembangunan Regional (IPR), dan pertumbuhan ekonomi. Metode pembentukan BLI melalui tiga tahap: normalisasi, pembobotan, dan agregasi. Hasil penelitian ini menunjukkan bahwa nilai BLI Indonesia termasuk kategori menengah bawah. Provinsi Jakarta, Kalimantan Timur, Sulawesi Utara, Riau, dan Sumatera Selatan dengan nilai BLI tertinggi. Ukuran BLI ini mempunyai korelasi yang positif dan signifikan dengan IPM dan IPR yang disusun oleh Badan Pusat Statistik (BPS). Namun demikian, BLI berkorelasi negatif secara signifikan dengan pertumbuhan ekonomi.

scholarly journals Regional Disparities in Social Development: Evidence from States and Union Territories of India

2019 ◽  
Vol 26 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Naresh Kumar ◽  
Ritu Rani
Keyword(s):  
Social Development ◽  
Human Development ◽  
Human Development Index ◽  
Social Indicators ◽  
Regional Disparities ◽  
District Level ◽  
Social Progress ◽  
Development Index

The present study examines the regional disparities in social development in India by using social development index (SDI). The study used census-based data of 2011 including 28 states and seven union territories (UTs) of India. The study ends by ranking of states and UTs on the basis of development index consisting of 12 social indicators. This article also compares selected states on the basis of human development index (1981, 1991 and 2001) and SDI (2011) values. In addition, the study finds district-level SDI and ranks the districts of selected states, that is, Kerala, Haryana and Bihar. The findings of the study confirmed the northern–southern social development divide in India. The empirical findings show that Kerala is the best state among all states in India in terms of social progress. Results of the study confirmed huge disparities at district and states/UTs level in India.

scholarly journals The Nexus of Human Development Index, Economic and Population Growth On Environmental Degradation In Aceh Province, Indonesia

2021 ◽  
Vol 17 ◽  
pp. 314-320
Author(s):  
T. Zulham ◽  
Taufiq C. Dawood ◽  
Talbani Farlian ◽  
Jumadil Saputra ◽  
Rollis Juliansyah ◽  
...  
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Human Development ◽  
Environmental Degradation ◽  
Human Development Index ◽  
Secondary Data ◽  
Social Progress ◽  
Regional Government ◽  
Development Index ◽  
Aceh Province

Environmental degradation is a primary indicator in reducing sustainability and causing many of the challenges faced by humankind, such as climate change, water scarcity, inequality, and hunger. One way to resolve the sustainable issue (environmental degradation) is to promote sustainable development through a commitment to social progress, environmental balance, and economic growth. In conjunction with the present issue, this study aims to analyse the nexus of human development index, economic and population growth on environmental degradation in South Aceh District, Aceh Province, Indonesia. This quantitative study uses secondary data that involved three main variables: environmental degradation, economic growth, and population growth. This study data were collected from the Central Bureau of Statistics, Aceh, Indonesia and related Regional Government Agency for 20 years started 1997 to 2017. This study found that the human development index and population growth positively and significantly affect environmental degradation. Also, economic growth has no significant impact on environmental degradation. In conclusion, this study identifies that when the human development index low and population growth high, it would increase environmental degradation. Surprisingly, whereas economic growth does not significantly contribute to environmental degradation, this study can provide an overview of the nexus of human development index, economic and population growth on environmental degradation and its impact on society.

scholarly journals Employment-adjusted Human Development Index

2012 ◽  
Vol 7 (2) ◽  
pp. 115-137 ◽  
Author(s):  
Hakan Mihci ◽  
Mehmet Tolga Taner ◽  
Bulent Sezen
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Explanatory Power ◽  
Human Condition ◽  
Current Status ◽  
Development Index ◽  
Development Indicators ◽  
Additional Information ◽  
Country Rankings ◽  
Development Levels

Abstract Purpose - The current HDI has a limited capacity to reflect the human condition and country rankings in an accurate way. In addition, the main critiques on the HDI suggest that it uses very few or perhaps the wrong indicators in measuring human development levels in countries. This paper aims to investigate whether the inclusion of employment as a criterion in the HDI would yield a different ranking of nations. Design/methodology/approach - In this study, estimates of the proposed Employment-adjusted Human Development Index (E-HDI) are provided for seventy-seven countries for the 2000-2007 period, and comparisons are made both for changes in the human development index (HDI) and rankings over time in each country and for differences between the E-HDI and the UNDP’s HDI across countries. Findings - The experience of a relatively large number of 77 sample countries has offered promising results for the path to improve the current status of the HDI, and hence, to overcome its weakness in terms of ranking of countries. The additional indicator, i.e. employment, improves the explanatory power of the HDI and makes significant contributions to its reliability. Research limitations/implications - The major limitation of the present study has been the lack of data for a number of the human development indicators for the rest of the countries in the world. Practical implications - The employment-adjusted index has great potential to make the HDI more operational. Social implications - By means of E-HDI, the human development performance of the countries can be better evaluated and compared with other countries by using additional information obtained from the employment position of their citizens. Originality/value - This will be the first paper in the literature that incorporates employment into the HDI..

scholarly journals Methodical Approaches to Evaluation of the Creative Potential of Ukraine

2019 ◽  
pp. 28-34
Author(s):  
I. Kychko ◽  
A. Kholodnytska
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Social Progress ◽  
Creative Potential ◽  
Development Index ◽  
Factors Influencing ◽  
The Social ◽  
Main Factors ◽  
Methodological Approaches ◽  
Definition Of

Within the article, methodological approaches to the definition of the creativity and the creative potential of Ukraine are investigated. The main factors, influencing them, are determined. The methodology on the evaluation of the creative potential of the society by the indicators is generalized, namely: technologies, talent, tolerance and the Ukrainian methodology on the assessment of the creative potential. The Human Development Index of Ukraine is analyzed. Rating position of Ukraine by the main indicators of the social progress is estimated. Measures on increasing the efficient use of the creative resources of Ukraine are proposed.

What Does Human Development Index Rating Mean in Terms of Individualism/Collectivism?

2003 ◽  
Vol 8 (2) ◽  
pp. 97-100 ◽  
Author(s):  
Maria José Sotelo ◽  
Luis Gimeno
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Principal Component ◽  
General Idea ◽  
Development Index ◽  
Low Levels ◽  
The Relationship

The authors explore an alternative way of analyzing the relationship between human development and individualism. The method is based on the first principal component of Hofstede's individualism index in the Human Development Index rating domain. Results suggest that the general idea that greater wealth brings more individualism is only true for countries with high levels of development, while for middle or low levels of development the inverse is true.

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