The social economic development index: a new measurement of development

The human development index (HDI) is published annually by the United Nations Development Program and has played an influential role in the debate on human development for many years. However, it has been widely argued for several reasons that the HDI contains several weaknesses and is an inapprop...

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Main Author:	Tha’r Mutlaq Mohammed Ayasrah
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2012
Online Access:	http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/1/jeko_47-1.pdf

id	ukm-6343
recordtype	eprints
spelling	ukm-63432016-12-14T06:40:54Z http://journalarticle.ukm.my/6343/ The social economic development index: a new measurement of development Tha’r Mutlaq Mohammed Ayasrah, The human development index (HDI) is published annually by the United Nations Development Program and has played an influential role in the debate on human development for many years. However, it has been widely argued for several reasons that the HDI contains several weaknesses and is an inappropriate mechanism by which to measure human development. Additionally, the HDI does not take into account further important indicators, such as unemployment, poverty and environment, alongside GDP per capita; expected years of schooling and mean years of schooling; and life expectancy at birth. No index is perfect and the HDI of the UNDP reflects this fact. The present study proposes the social economic development index (SEDI) as a new means to measure the development level of countries. The SEDI uses more indicators than the three presently examined in the HDI. The study also suggests applying the development status matrix (DSM), which assists in classifying countries into groups according to development status, specifically focusing on the dynamic characteristics of underdeveloped countries. In conclusion, this study clearly demonstrates the importance of utilizing the SEDI and the DSM to measure a country’s development. Penerbit Universiti Kebangsaan Malaysia 2012 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6343/1/jeko_47-1.pdf Tha’r Mutlaq Mohammed Ayasrah, (2012) The social economic development index: a new measurement of development. Jurnal Ekonomi Malaysia, 46 (2). pp. 37-53. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2012-2.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	The human development index (HDI) is published annually by the United Nations Development Program and has played an influential role in the debate on human development for many years. However, it has been widely argued for several reasons that the HDI contains several weaknesses and is an inappropriate mechanism by which to measure human development. Additionally, the HDI does not take into account further important indicators, such as unemployment, poverty and environment, alongside GDP per capita; expected years of schooling and mean years of schooling; and life expectancy at birth. No index is perfect and the HDI of the UNDP reflects this fact. The present study proposes the social economic development index (SEDI) as a new means to measure the development level of countries. The SEDI uses more indicators than the three presently examined in the HDI. The study also suggests applying the development status matrix (DSM), which assists in classifying countries into groups according to development status, specifically focusing on the dynamic characteristics of underdeveloped countries. In conclusion, this study clearly demonstrates the importance of utilizing the SEDI and the DSM to measure a country’s development.
format	Article
author	Tha’r Mutlaq Mohammed Ayasrah,
spellingShingle	Tha’r Mutlaq Mohammed Ayasrah, The social economic development index: a new measurement of development
author_facet	Tha’r Mutlaq Mohammed Ayasrah,
author_sort	Tha’r Mutlaq Mohammed Ayasrah,
title	The social economic development index: a new measurement of development
title_short	The social economic development index: a new measurement of development
title_full	The social economic development index: a new measurement of development
title_fullStr	The social economic development index: a new measurement of development
title_full_unstemmed	The social economic development index: a new measurement of development
title_sort	social economic development index: a new measurement of development
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2012
url	http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/1/jeko_47-1.pdf
first_indexed	2023-09-18T19:46:38Z
last_indexed	2023-09-18T19:46:38Z
_version_	1777405944019288064

The social economic development index: a new measurement of development

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