Abstract
We aim to assess welfare improvements in the Middle East and North Africa (MENA) region using the Human Development Index (HDI). We obtain weighting schemes that yield the best- and worst-case scenarios for measured human development, relying on consistent tests for stochastic dominance efficiency (SDE), with the official equally weighted HDI taken as a benchmark. In the best-case scenario index, life expectancy and GDP indexes receive the highest weights for the 1975–2005 period, while the education index is the dominant contributor to the worst-case scenario in the same period. In addition, we observe a relative change in the best- and worst-case scenarios between two fifteen-year periods. The GDP index is the main contributor to the best-case scenario between 1975 and 1990, whereas the education index is the main contributor to the worst-case scenario during that period. Life expectancy is the main contributor to the best-case scenario in the 1990–2005 period, while the GDP and education indexes are the primary contributors to the worst-case scenario during that period.
| Original language | English |
|---|---|
| Pages (from-to) | 1179-1192 |
| Journal | Emerging Markets Finance and Trade |
| Volume | 51 |
| Issue number | 6 |
| Early online date | 12 Oct 2015 |
| DOIs | |
| Publication status | E-pub ahead of print - 12 Oct 2015 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 3 Good Health and Well-being
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