RANK SENSITIZATION OF COUNTRIES IN HUMAN DEVELOPMENT REPORTS OF UNDP IN VIEW OF KAKWANI’S APPROACH FOR ACHIEVEMENT INDICATOR
Keywords:
Human Development Index, Income-transforming Utility Function, Achievement Indicator ApproachAbstract
In this paper, we study variations and sensitization in the ranks of various countries covered in selective Human Development Reports of UNDP from the stance of Kakwani’s (1993) approach of Achievement Indicator when built into different scenarios of formulating utility function of income component of Human Development Index.
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