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An Alternative Human Development Index Considering Unemployment

Author

Listed:
  • Taner Mehmet

    (Faculty of Business Administration, Gebze Institute of Technology, Çayırova 41400, Kocaeli, Turkey)

  • Sezen Bülent

    (Faculty of Business Administration, Gebze Institute of Technology, Çayırova 41400, Kocaeli, Turkey)

  • Mıhcı Hakan

    (Department of Economics, Hacettepe University, Beytepe 06800, Ankara, Turkey)

Abstract

The Human Development Index (HDI) has played an influential role in the debate on human development (HD) for many years. However, no index is perfect and neither is the HDI of the United Nations Development Program (UNDP). This paper aims to construct a new composite index for the development performance of a sample of 30 Organization for Economic Co-operation and Development (OECD) countries by adding a fourth indicator, namely the unemployment index, to the calculation of HDI. The addition of the unemployment factor to the HDI as a new indicator has the potential to make the index more comprehensive and present a suitable approach for assessing the development performance of countries.

Suggested Citation

  • Taner Mehmet & Sezen Bülent & Mıhcı Hakan, 2011. "An Alternative Human Development Index Considering Unemployment," South East European Journal of Economics and Business, Sciendo, vol. 6(1), pages 45-60, April.
    • Handle: RePEc:vrs:seejeb:v:6:y:2011:i:1:p:45-60:n:5
    DOI: 10.2478/v10033-011-0005-z
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    Cited by:

    1. Emon Kalyan Chowdhury & Rupam Chowdhury, 2024. "Role of Financial Inclusion in Human Development: Evidence from Bangladesh, India and Pakistan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3329-3354, March.
    2. Hakan MIHCI & Mehmet Tolga TANER, 2014. "Comparative Human Development and Gender Equality Performance Analysis of Middle Eastern and North African Countries with Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 4(4), pages 859-869.
    3. Ufuk Bingöl & Fatih Ayhan, 2020. "The Impact of NEET and Labor Market Indicators on Human Development: A Panel Data Analysis for EU-28 Countries," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(79), pages 441-468, December.
    4. Yu Hsing, 2013. "Testing The Trilemma Hypothesis And Measuring Their Effects On Inflation, Growth And Volatility For Poland," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 9(3), pages 57-64.

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