Engineer, Merwan H. (contributor); … - 2008
(1998)).
In this paper, we consider the implications of using the HDI as a criterion for
economic development plans. In … construct an
economic model where a planner chooses expenditures to maximize a well-defined
objective function that includes … obtains. By putting reasonable economic structure on the
problem (i.e. concave objective function and convex constraints), it …