Stochastic dominance spanning and augmenting the human development index with institutional quality

The well-known Human Development Index (HDI) goes beyond a single measure of well-being as it is constructed as a composite index of achievements in education, income, and health dimensions. However, it is argued that the above dimensions do not reflect the overall well-being, and new indicators sho...

Descripción completa

Detalles Bibliográficos
Autores principales: Pinar, Mehmet, Stengos, Thanasis, Topaloglou, Nikolas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Original Research
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9334449/
https://www.ncbi.nlm.nih.gov/pubmed/35915603
http://dx.doi.org/10.1007/s10479-022-04656-w
_version_ 1784759107871309824
author Pinar, Mehmet
Stengos, Thanasis
Topaloglou, Nikolas
author_facet Pinar, Mehmet
Stengos, Thanasis
Topaloglou, Nikolas
author_sort Pinar, Mehmet
collection PubMed
description The well-known Human Development Index (HDI) goes beyond a single measure of well-being as it is constructed as a composite index of achievements in education, income, and health dimensions. However, it is argued that the above dimensions do not reflect the overall well-being, and new indicators should be included in its construction. This paper uses stochastic dominance spanning to test the inclusion of additional institutional quality (governance) dimensions to the HDI, and we examine whether the augmentation of the original set of welfare dimensions by an additional component leads to distributional welfare gains or losses or neither. We find that differently constructed indicators of the same institutional quality measure produce different distributions of well-being. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s10479-022-04656-w.
format Online
Article
Text
id pubmed-9334449
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Springer US
record_format MEDLINE/PubMed
spelling pubmed-93344492022-07-30 Stochastic dominance spanning and augmenting the human development index with institutional quality Pinar, Mehmet Stengos, Thanasis Topaloglou, Nikolas Ann Oper Res Original Research The well-known Human Development Index (HDI) goes beyond a single measure of well-being as it is constructed as a composite index of achievements in education, income, and health dimensions. However, it is argued that the above dimensions do not reflect the overall well-being, and new indicators should be included in its construction. This paper uses stochastic dominance spanning to test the inclusion of additional institutional quality (governance) dimensions to the HDI, and we examine whether the augmentation of the original set of welfare dimensions by an additional component leads to distributional welfare gains or losses or neither. We find that differently constructed indicators of the same institutional quality measure produce different distributions of well-being. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s10479-022-04656-w. Springer US 2022-04-13 2022 /pmc/articles/PMC9334449/ /pubmed/35915603 http://dx.doi.org/10.1007/s10479-022-04656-w Text en © The Author(s) 2022 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Research
Pinar, Mehmet
Stengos, Thanasis
Topaloglou, Nikolas
Stochastic dominance spanning and augmenting the human development index with institutional quality
title Stochastic dominance spanning and augmenting the human development index with institutional quality
title_full Stochastic dominance spanning and augmenting the human development index with institutional quality
title_fullStr Stochastic dominance spanning and augmenting the human development index with institutional quality
title_full_unstemmed Stochastic dominance spanning and augmenting the human development index with institutional quality
title_short Stochastic dominance spanning and augmenting the human development index with institutional quality
title_sort stochastic dominance spanning and augmenting the human development index with institutional quality
topic Original Research
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9334449/
https://www.ncbi.nlm.nih.gov/pubmed/35915603
http://dx.doi.org/10.1007/s10479-022-04656-w
work_keys_str_mv AT pinarmehmet stochasticdominancespanningandaugmentingthehumandevelopmentindexwithinstitutionalquality
AT stengosthanasis stochasticdominancespanningandaugmentingthehumandevelopmentindexwithinstitutionalquality
AT topaloglounikolas stochasticdominancespanningandaugmentingthehumandevelopmentindexwithinstitutionalquality

Ejemplares similares