Assessing The Effects of Various Socio-Economic and Health Indicators on HDI Country Categories
Journal Title: Alphanumeric Journal - Year 2016, Vol 4, Issue 1
Abstract
The human development indicator (HDI) is based on three indicators: standard of living, life expectancy, and education level. Although being widely known and commonly used, the accuracy of the HDI has been criticized in the literature due to the inadequacy of its indicators. The present study uses 11 indicators to classify countries and compares the results by country groups against similar HDI ranked country groups. Furthermore, using multinomial logistic regression analysis, the effects of the 11 indicators on the country categories of HDI are investigated. The findings show that although the main cluster characteristics are similar to HDI categories, some differences exist in the classification of countries. Health indicators have a striking effect on low HDI countries relative to high HDI countries. FDI inflows and CO2 emissions per capita are significant indicators for low and middle HDI relative to high HDI countries. However women’s involvement in parliament and work are not distinctive or effective indicators.
Authors and Affiliations
Özlem Yorulmaz
Keywords
Related Articles
- EP ID EP196716
- DOI 10.17093/aj.2016.4.1.5000171922
- Views 153
- Downloads 0
Combined Multi-Criteria Decision Making Approach Based on MACBETH and MULTI-MOORA Methods
Various Multi-Criteria Decision Making (MCDM) methods have been developed to support decision making process. The main aim of all MCDM methods is to obtain ranking of the alternatives and select the best one under confli...
Comparison of Individual Pension System and Bank’s Deposit System for Low-Risk Investors
The individual pension system (IPS) is an investment tool with regular payments that provides necessary savings for better live in retirement period. The demand for the IPS are substantially increased in recent years wit...
Determining Strategy Based Supplier Pre-Qualification Criteria With Fuzzy Relational Maps
Supplier Selection is one of the most studied areas in management and decision sciences. However, it is still a highly problematic subject since decision-makers take an educated guess after a certain stage in real life p...
A Solution To Rational Decision Making Via Compositional Data Analysis: A Case Study Using Students Cellular Phone Tendencies
Decisions can be simple or complex depending on the alternatives available to the decision maker, and also, to the different state of the worlds. In classical decision theory, a pay-off table is analysed in order to make...
Determination of Effective Critical Factors in Successful Efficiency Measurement of University Departments by Using Fuzzy DEMATEL Method
Successful efficiency measurement of university departments is very important issue in today’s globalised world and depends on paying high attention on critical input and output factors affecting efficiency measurement....