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RANK SENSITIZATION OF COUNTRIES IN HUMAN DEVELOPMENT REPORTS OF UNDP IN VIEW OF KAKWANI’S APPROACH FOR ACHIEVEMENT INDICATOR

Keywords: Human Development Index , Income-transforming Utility Function , Achievement Indicator Approach

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Abstract:

In this paper, we study variations and sensitization in the ranks of various countriescovered in selective Human Development Reports of UNDP from the stance of Kakwani’s (1993)approach of Achievement Indicator when built into different scenarios of formulating utilityfunction of income component of Human Development Index.

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