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Measuring institutions: how to be precise though vague

Published online by Cambridge University Press:  09 October 2012

MARY M. SHIRLEY
MARY M. SHIRLEY*
Affiliation:
The Ronald Coase Institute, St. Louis, Missouri 63130, USA
*
*Email: mshirley@coase.org
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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.

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Type
Comment
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Journal of Institutional Economics , Volume 9 , Issue 1 , March 2013 , pp. 31 - 33
Copyright
Copyright © Millennium Economics Ltd 2012

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References

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