RECOMPUTATION OF UNDP’S HDI RANKINGS BY DATA ENVELOPMENT ANALYSIS

Abstract

The HDI has played an influential role in the debate on human development. No index is perfect and so is the Human Development Index of United Nations Development Program. This paper aims to measure the performance of 182 countries in terms of performance by means of non-parametric input oriented CRS employed Data Envelopment Analysis. In addition, it elaborates on the cut-off values assigned by UNDP to categorize the countries. By means of this research, countries will be able to choose those elements by benchmarking from other countries that are applicable and most likely to develop strategy formulation processes for human development and international growth.