20 Jul HOW DIFFERENT ARE THE NEW HDI FROM THE ORIGINAL HDI YOU CALCULATED IN STEP 1?
in this assignment you would calculate Human Development Index with the current method used by the U Show more in this assignment you would calculate Human Development Index with the current method used by the UN. You can find the relevant data from a number of sources. One of the most comprehensive sources of information is from the World Bank World Development Indicators. http://data.worldbank.org/data-catalog/world-development-indicators Since part of the goal of this course is to help you find your own data for any tasks that you need feel free to use other data sources. However if you do use another data source make sure to document and report it in your paper clearly. 1) Using a list of about 100 countries (try to get at least 30 from each of the income category defined by the world bank) calculate HDI index for your sample. 2) The current Human Development Report from the UN is available from http://hdr.undp.org/en Download the HDI from here and report the correlation between the measure you calculated and the one calculated by the UN. Are there any surprises/differences? If yes why? 3) Also report the correlations of your HDI measure with GDP PPP and log GDP PPP. Which one is stronger? Why? 4) Show the scatter plot between lnGDP PPP and HDI index you calculated. 5) One of the criticisms of the HDI is that it is sensitive to the maximum and minimum values used by the UN? Use the sample maximums and minimums you calculated in step 1 as maximum and minimum values and redo the analysis (2-4). Are there any changes? 6) Finally UN is currently seeking help from smart individuals like you to try to improve its indicator of development. How do you think it can be improved? Try to incorporate as many of those changes that you suggest. How different are the new HDI from the original HDI you calculated in step 1? World Bank World Development Indicators: http: //data.worldbank.org/data-catalog/world-development-indicators The current Human Development Report from the UN: http://hdr.undp.org/en Show less
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