Abstract:
This paper proposes three principles for users and producers of governance indicators that both summarize the challenges in measurement and suggest ways forward: (1) all governance indicators have measurement error, (2) there are no silver bullets, and (3) the links from governance to development outcomes are complex. An overarching message is that alternative governance indicators should be viewed as complements rather than substitutes.
JEL-codes:O11P51P16 (search for similar items in EconPapers) Date: 2007-01