How to measure informal institutions

Stefan Voigt

Journal of Institutional Economics, 2018, vol. 14, issue 1, 1-22

Abstract: There have been repeated claims that informal institutions play an important or even crucial role in economic development. Yet measuring informal institutions entails serious challenges. This paper identifies the difficulties in measuring informal institutions, critically discusses some attempts hitherto taken and encourages the more intensive use of experiments to measure them.

Date: 2018
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