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MULTIDIMENSIONAL SOCIAL EVALUATION: AN APPLICATION TO THE MEASUREMENT OF HUMAN DEVELOPMENT
Author(s) -
Herrero Carmen,
Martínez Ricardo,
Villar Antonio
Publication year - 2010
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2009.00375.x
Subject(s) - axiomatic system , axiom , human development index , development (topology) , index (typography) , context (archaeology) , econometrics , economics , mathematics , human development (humanity) , mathematical economics , computer science , geography , economic growth , mathematical analysis , geometry , archaeology , world wide web
This paper deals with the axiomatic derivation of social evaluation indices in a multidimensional context. The resulting evaluation formula is the geometric mean of the egalitarian equivalent values of the different characteristics under consideration. We provide an application to the measurement of human development and compare the results obtained with those corresponding to the standard (additive) index.