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Un indice per lo sviluppo sostenibile

Author

Listed:
  • Enrico Casadio Tarabusi

    (Università degli Studi di Roma "La Sapienza", Dipartimento di Matematica "G. Castelnuovo", Roma)

  • Paolo Palazzi

    (Università degli Studi di Roma "La Sapienza", Dipartimento di Scienze Economiche, Roma)

Abstract

As a possible improvement to the United Nations' Human Development Index (HDI), we propose including in the set of individual variables some of an environmental or social nature. Thus, by rescaling all the variables non-linearly it is possible to mitigate the effect of outliers and synthesize by principal components, or alternatively by a different averaging method that takes sustainability into account and penalizes unbalances among different aspects of development. Both methods are easy to implement and calibrate. The ensuing effect on the ranking of world countries is compared to the HDI ranking.

Suggested Citation

  • Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "Un indice per lo sviluppo sostenibile," Moneta e Credito, Economia civile, vol. 57(226), pages 123-149.
    • Handle: RePEc:psl:moneta:2004:21
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9763/9646
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    References listed on IDEAS

    as
    1. Enrico Casadio Tarabusi & Paolo Palazzi, 2004. "An index for sustainable development," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 57(229), pages 185-206.
    2. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    3. Satya R. Chakravarty, 2003. "A Generalized Human Development Index," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 99-114, February.
    4. P. Palazzi & A. Lauri, 1998. "The Human Development Index: suggested corrections," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 51(205), pages 193-221.
    5. Lawn, Philip A., 2003. "A theoretical foundation to support the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and other related indexes," Ecological Economics, Elsevier, vol. 44(1), pages 105-118, February.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Enrico Casadio Tarabusi & Giulio Guarini, 2016. "Level Dependence of the Adjustment for Unbalance and Inequality for the Human Development Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(2), pages 527-553, March.
    2. Luca Salvati & Alberto Sabbi, 2014. "A New Income Indicator for the Assessment of Regional Competitiveness and Sustainability," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(2), pages 711-711.
    3. Enrico Casadio Tarabusi & Giulio Guarini, 2013. "An Unbalance Adjustment Method for Development Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 112(1), pages 19-45, May.
    4. Luca Salvati & Marco Zitti, 2017. "Urban Concentration, Agglomeration Economies and the Spatial Structure of Italian Local Labor Market Areas," Research in Applied Economics, Macrothink Institute, vol. 9(2), pages 1-17, June.

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    More about this item

    Keywords

    Development; Human Development; Indice;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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