Measuring institutions: how to be precise though vague

Mary M. Shirley

Journal of Institutional Economics, 2013, vol. 9, issue 1, 31-33

Abstract: In his article on measuring institutions, Stephan Voigt (2012) proposes a pragmatic approach to develop more concrete, objective institutional variables than the broad abstractions used in most cross-country growth regressions. Voigt's approach has important strengths, but cross-country growth regressions, even with precisely measured institutions, are less likely to yield new insights than other methodologies.

Date: 2013
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