How (Not) to Measure Institutions

The statement “institutions matter” has become commonplace. A precondition for it to be supported by empirical evidence, is, however, that institutions are measurable. Glaeser et al. (2004) attacks many studies claiming to prove the relevance of institutions for economic development as being based o...

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Publicat a:MAGKS - Joint Discussion Paper Series in Economics (Band 37-2009)
Autor principal: Voigt, Stefan
Format: Article
Idioma:anglès
Publicat: Philipps-Universität Marburg 2009
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Sumari:The statement “institutions matter” has become commonplace. A precondition for it to be supported by empirical evidence, is, however, that institutions are measurable. Glaeser et al. (2004) attacks many studies claiming to prove the relevance of institutions for economic development as being based on flawed measures of institutions, or not even on institutions at all. This paper shows that their criticism deserves to be taken seriously, but that it is somewhat overblown. Some of the difficulties in measuring institutions are described and some ways of measuring them are proposed.
Descripció física:27 Seiten
ISSN:1867-3678
DOI:10.17192/es2024.0018