The human development index as a criterion for optimal planning
Engineer, Merwan; King, Ian; Roy, Nilanjana
Planning strategies that maximize the Human Development Index (HDI) imply equitable outcomes – even though inequality aversion is not in the index itself. Moreover, the weight on income in the HDI plays only an indirect role in determining optimal allocations.
Publisher: University of Otago
Series number: 517
Keywords: human development index; planning
Research Type: Discussion Paper