Human Assets Index: Insights from a Retrospective Series Analysis
International audienceWe build retrospective series for the Human Assets Index from the UnitedNations—Committee for Development Policy data. The HAI is a composite index whichincludes health and education components. Our series cover 145 developing countries forthe period 1990–2014. The analysis provides insights into the changes in the HAI and itsdistribution for different groups of Developing Countries. We discuss the importance ofthe HAI’s components by considering the weight given to them in the index. We proposea new weighting scheme which is optimized based on the correlation ratio and linearity(nonlinearity) relationship between components, and we present the country rankingchanges due to the optimized HAI
Human capital · Historical series · Imputation · Composite · Weights, JEL: C - Mathematical and Quantitative Methods/C.C4 - Econometric and Statistical Methods: Special Topics/C.C4.C43 - Index Numbers and Aggregation, JEL: C - Mathematical and Quantitative Methods/C.C8 - Data Collection and Data Estimation Methodology • Computer Programs/C.C8.C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data • Data Access, JEL: I - Health, Education, and Welfare/I.I1 - Health/I.I1.I15 - Health and Economic Development, JEL: I - Health, Education, and Welfare/I.I2 - Education and Research Institutions/I.I2.I25 - Education and Economic Development, JEL: O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O15 - Human Resources • Human Development • Income Distribution • Migration, [SHS.ECO]Humanities and Social Sciences/Economics and Finance
Publisher: 'Springer Science and Business Media LLC'
DOI identifier: 10.1007/s11205-018-1870-y
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