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Yale Center for the Study of Globalization<br />

Rauniyar, G., and R. Kanbur, 2010. “Inclusive Development: Two Papers on Conceptualization,<br />

Application, and the ADB Perspective.” Mandaluyong City,<br />

Philippines: Asian Development Bank.<br />

Ravallion, M., 2010. “Mashup Indices of Development.” Policy Research Working<br />

Paper No. 5432. Washington, D.C.” World Bank.<br />

Ravallion, M., and Shaohua Chen, 2003. “Measuring Pro-Poor Growth,” Economics<br />

Letters 78(1): 93-99.<br />

Roemer, J.E, 1998. Equality of Opportunity (Cambridge: Harvard University Press,<br />

1998).<br />

Stiglitz, J., A. Sen, J.-P. Fitoussi, 2009. “Report by the Commission on the Measurement<br />

of Economic Performance and Social Progress.” Available at: http://www.<br />

stiglitz-sen-fitoussi.fr/documents/rapport_anglais.pdf<br />

Tsui, K.Y., 2002. “Multidimensional Poverty Indices,” Social Choice and Welfare<br />

19: 69-93.<br />

Endnotes<br />

1<br />

See Ravallion (2004) and Kimenyi (2006) on pro-poor growth and Datt and Ravallion (1992) and<br />

Kakwani (1997a,b) on growth/inequality decompositions.<br />

2<br />

See Alkire and Foster (2011), Bourguignon and Chakravarty (2003), Tsui (2002), and Duclos and<br />

others (2006).<br />

3<br />

These are discrete groupings, though the continuity of the income distribution allows for a continuous<br />

representation, the growth incidence curve (Ravallion and Chen, 2003).<br />

4<br />

Such an “index of car health” would almost certainly not be an average of all these variables, but a<br />

maximin function: you should not drive if the worst of the indicators is below its acceptable level.<br />

5<br />

One exception is GDP, which is an index of disparate quantities of apples, oranges, cars, etc produced<br />

and with weights equal to the prices of those items. For competitive economies, these price<br />

weights have a clear economic and welfare justification.<br />

6<br />

The normalization procedure used is the min–max formula applied to all observed values of each<br />

component during the period 2000–10. This procedure adjusts the normalized component to take<br />

values between 0 and 100 over the indicated period.<br />

7<br />

http://www.socialprotectionfloor-gateway.org/index.html<br />

118

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