Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
A proposal for modified human development index for BRICS countries. A holistic approach towards sustainable human development
Central University of Rajasthan, Ajmer, India
Hemlata MANGLANI
Central University of Rajasthan, Ajmer, India
Abstract. Study attempts to align HDI with the Sustainable Human Development approach. Modified HDI, integrating employment, human values, environmental sustainability, quality aspects of health and education, as a simple generalization within the structure of the existing methodology, is developed for BRICS countries for the period 2000-2019. Proposed MHDI's environmental sustainability dimension index was created using Principal Component Analysis. Framed dimensional indices were regressed on the MHDI values, followed by post-hoc analysis, assisted in generating policy implications. Computed MHDI scores were lower than HDI values for all BRICS members, indicating a lower human development scenario in these countries than what HDI perceives.
Contents
The economics and evolution of heroic behavior
Financial contagion and identifying speculative frenzies: Unraveling price bubbles in cryptocurrency markets
Comparative study on the legislative framework for attracting FDI in Romania
Macroeconomic determinants of economic growth. An international perspective
Analysing the interrelationship between Bitcoin price and it’s energy consumption
Comparative study on the global performance of companies with foreign capital and those with Romanian capital
A proposal for modified human development index for BRICS countries. A holistic approach towards sustainable human development
The effect of overconfidence behaviour on stock market volatility in Belgium
The impact of the economic policy uncertainty and geopolitical risks on tourism demand of Mexico
Credit, housing prices, expectations, and the macroeconomy. Evidence from developed and developing countries
The role of the education of hospital managers in a high-performing health system – prerequisites for the unique national standardized program in health management and medical leadership
Competition policies and legislation regarding the European-Asian economic corridors
Modern leadership communication and strategic lobbying
Determinants of foreign capital inflows. The role of push versus pull factors
A revolutionary journey: Business development through digitalization
Are stock markets of emerging economies informationally efficient? Causal analysis of stock prices and macroeconomic variables of EM7 economies for the recent decade
The nexus of foreign trade and economic growth in Tanzania. Examining the influence of COVID-19 pandemic. Evidence from vector error correction model
The impact of management accounting practices: Comparative analysis study between Jordan and Romania
The economic vision of artificial intelligence's (AI) efficiency
Impact of FDI and energy consumption on the agricultural productivity of BRICS nations
Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests
The impact of globalization on labour market specially focusing on wage inequality and job displacement. A theoretical analysis