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Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >
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http://hdl.handle.net/10419/30117
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| Title: | | How (not) to measure institutions  |
| Authors: | | Voigt, Stefan |
| Issue Date: | | 2009 |
| Series/Report no.: | | Joint discussion paper series in economics 2009,37 |
| Abstract: | | 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. |
| Subjects: | | Institutions Institutions vs. Policies Measurement Formal vs. Informal Institutions |
| JEL: | | B41 C81 C82 H11 K00 O17 O43 O57 |
| Document Type: | | Working Paper |
| Appears in Collections: | | MAGKS Joint Discussion Paper Series in Economics, Universität Marburg
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