IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v30y2017i1no11p117-130.html
   My bibliography  Save this article

Developing an Index of Socio-Economic Development Consistent with Maqāṣid al-Sharīʿah تطوير مؤشر للتنمية الاقتصادية والاجتماعية متوافق مع مقاصد الشريعة

Author

Listed:
  • Salman Ahmed Shaikh

    (PhD Scholar in Economics, National University of Malaysia)

Abstract

Human Development Index (HDI) is the most widely used index for assessing the level of economic development; however, it does not account explicitly for environmental degradation, social infrastructure, income distribution and poverty. This study strives to assist in building a comprehensive index that covers these elements which are considered important for ensuring sustainable development and that are also reflective of the maqāṣid al-Sharīʿah. Our findings represent striking differences between HDI and Extended HDI (E-HDI) rankings as we studied the position of 108 countries divided into non-OIC high-income countries (39 countries), non-OIC middle-income countries (26 countries) and OIC Muslim countries (43 countries). Among the 43 Organization of Islamic Cooperation (OIC) countries in our sample, 16 OIC countries improve their ranking in E-HDI as compared to HDI. Interestingly, other than Iraq, all of the OIC countries which improve their ranking are relatively poorer and non-oil rich countries. Strikingly, all 39 non-OIC high-income countries in our sample go down in E-HDI ranking as compared to their respective rank in HDI. Contrastingly, all non-OIC middle-income countries except Romania perform much better in E-HDI as compared to HDI. The top 19 countries in E-HDI all comprise of non-OIC middle-income countries in our sample. It shows that the broad-based indicators that we have included to account for non-income development aspects consistent with maqāṣid al-Sharīʿah make a significant impact on the rankings. مؤشر التنمية البشرية (HDI) هو المؤشر الأكثر استخداماً لتقييم مستوى التنمية الاقتصادية. ومع ذلك، فإنه لا يأخذ في الحسبان بشكل واضح التدهور البيئي، والبنية التحتية الاجتماعية، وتوزيع الدخل والفقر. تسعى هذه الدراسة للمساعدة في بناء مؤشر شامل يغطي هذه العناصر التي تعتبر مهمة لضمان التنمية المستدامة والتي تعكس مقاصد الشريعة أيضا. وتظهر نتائج البحث الاختلافات البارزة بين مؤشر التنمية البشرية العادية (HDI) ومؤشر التنمية البشرية الممتدة (E-HDI) حيث قمنا بدراسة حالة 108 دولة مقسمة إلى دول مرتفعة الدخل (39 دولة) ودول متوسطة الدخل (26 دولة) ودول منظمة المؤتمر الإسلامي (43 دولة). فمن بين دول منظمة المؤتمر الإسلامي، تحسن ترتيب 16 دولة في مؤشر التنمية البشرية الممتدة (E-HDI) مقارنة بمؤشر التنمية البشرية العادية (HDI). والجدير بالذكر أن هذه الدول الـ 16، عدا العراق، هي من الدول الأكثر فقراً نسبياً وليست غنية بالنفط. وعلى العكس من ذلك فإن جميع الدول ذوات الدخل المرتفع (39 دولة من خارج دول منظمة المؤتمر الإسلامي)، جاءت في ترتيب متأخر في مؤشر التنمية البشرية الممتدة (E-HDI) مقارنة بمؤشر التنمية البشرية العادية (HDI). وعلى النقيض من ذلك فإن جميع الدول المتوسطة الدخل (26 دولة من خارج دول منظمة المؤتمر الإسلامي) تحسن ترتيبها في مؤشر التنمية البشرية الممتدة (E-HDI) مقارنة بمؤشر التنمية البشرية العادية (HDI) باستثناء رومانيا فقط. كما أن أول 19 دولة في مؤشر التنمية البشرية الممتدة (E-HDI) في عينة الدراسة كلها متوسطة الدخل ومن خارج دول منظمة المؤتمر الإسلامي. وهذا يدل على أن المؤشرات ذات القاعدة العريضة التي أدرجناها لتقدير الجوانب التنموية من غير الدخل وتتوافق مع مقاصد الشريعة لها تأثير كبير على الترتيب.

Suggested Citation

  • Salman Ahmed Shaikh, 2017. "Developing an Index of Socio-Economic Development Consistent with Maqāṣid al-Sharīʿah تطوير مؤشر للتنمية الاقتصادية والاجتماعية متوافق مع مقاصد الشريعة," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 30(1), pages 117-130, January.
    • Handle: RePEc:abd:kauiea:v:30:y:2017:i:1:no:11:p:117-130
    DOI: 10.4197/Islec.30-1.11
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153872_30-01-11-Salman.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.4197/Islec.30-1.11?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634.
    3. Humayon A. Dar, 2004. "On making human development more humane," International Journal of Social Economics, Emerald Group Publishing, vol. 31(11/12), pages 1071-1088, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:abd:kauiea:v:30:y:2017:i:1:p:117-130 is not listed on IDEAS
    2. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2016. "The Mobile Phone in the Diffusion of Knowledge for Institutional Quality in Sub-Saharan Africa," World Development, Elsevier, vol. 86(C), pages 133-147.
    3. Jan Fagerberg & Bengt-Åke Lundvall & Martin Srholec, 2018. "Global Value Chains, National Innovation Systems and Economic Development," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(3), pages 533-556, July.
    4. Sheng, Yu & Xu, Xinpeng, 2019. "The productivity impact of climate change: Evidence from Australia's Millennium drought," Economic Modelling, Elsevier, vol. 76(C), pages 182-191.
    5. Ab-Rahim, Rossazana & Selvarajan, Sonia Kumari & Md Noor, Nor Ghani & Affizzah Awang Marikan, Dayang, 2018. "Convergence Clubs of Economic Liberalization in ASEAN, China, and India," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(3), pages 129-141.
    6. Garikai Makuyana & Nicholas M. Odhiambo, 2019. "Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 32(1), pages 673-689, January.
    7. Chirwa, Themba G. & Odhiambo, Nicholas M., 2016. "What Drives Long-Run Economic Growth? Empirical Evidence from South Africa," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(4), pages 429-456.
    8. Asongu, Simplice A. & Koomson, Isaac & Tchamyou, Vanessa S., 2017. "Financial globalisation uncertainty/instability is good for financial development," Research in International Business and Finance, Elsevier, vol. 41(C), pages 280-291.
    9. Asongu, Simplice & Boateng, Agyenim & Akamavi, Raphael, 2016. "Mobile Phone Innovation and Inclusive Human Development: Evidence from Sub-Saharan Africa," MPRA Paper 75046, University Library of Munich, Germany.
    10. Prettner, Klaus, 2016. "The implications of automation for economic growth and the labor share of income," ECON WPS - Working Papers in Economic Theory and Policy 04/2016, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    11. Kumar, Ronald Ravinesh & Stauvermann, Peter Josef & Patel, Arvind & Kumar, Nikeel, 2017. "The effect of energy on output per worker in the Balkan Peninsula: A country-specific study of 12 nations in the Energy Community," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1223-1239.
    12. Mahmoud Khalid Almsafir & Zurina Mohammad Morzuki, 2015. "The Relationship between Investment and Economic Growth in Malaysia," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(2), pages 116-126.
    13. Themba G. Chirwa & Nicholas M. Odhiambo, 2017. "Sources of Economic Growth in Zambia: An Empirical Investigation," Global Business Review, International Management Institute, vol. 18(2), pages 275-290, April.
    14. Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "The comparative African regional economics of globalization in financial allocation efficiency: the pre-crisis era revisited," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-41, December.
    15. Themba G Chirwa & NM Odhiambo, 2019. "An Empirical Test Of Exogenous Growth Models: Evidence From Three Southern African Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(220), pages 7-38, January –.
    16. Ömer Yalçınkaya & İbrahim Hüseyni & Ali Kemal Çelik, 2017. "The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(4), pages 404-417, November.
    17. Simplice Asongu & Jacinta C. Nwachukwu, 2016. "Mobile Phones in the Diffusion of Knowledge and Persistence in Inclusive Human Development in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 16/009, African Governance and Development Institute..
    18. Onyimadu, Chukwuemeka, 2015. "A Case of Growth Without Development: A Comparative Study Between Nigeria and Malaysia," MPRA Paper 77202, University Library of Munich, Germany.
    19. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Not all that glitters is gold: ICT and inclusive human development in Sub-Saharan Africa," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 3(4), pages 303-322.
    20. Kolawole Ogundari, 2023. "Club Convergence in Income Inequality in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 167(1), pages 319-337, June.
    21. McMillan, Margaret & Rodrik, Dani & Sepulveda, Claudia, 2017. "Structural Change, Fundamentals, and Growth: A Framework and Case Studies," Working Paper Series rwp17-024, Harvard University, John F. Kennedy School of Government.

    More about this item

    Keywords

    Economic Development; HDI; Sustainable Development; maqāṣid al-Sharīʿah. التنمية الاقتصادية، التنمية البشرية، التنمية المستدامة، مقاصد الشريعة.;
    All these keywords.

    JEL classification:

    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:30:y:2017:i:1:no:11:p:117-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.