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Title:How (not) to measure institutions PDF Logo
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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