Abstract
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.
Publisher
Cambridge University Press (CUP)
Subject
General Economics, Econometrics and Finance
Reference6 articles.
1. How (Not) to Measure Institutions;Voigt;Journal of Institutional Economics,2012
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4. INSTITUTIONS AND ECONOMIC PERFORMANCE: CROSS-COUNTRY TESTS USING ALTERNATIVE INSTITUTIONAL MEASURES
5. Feld L. P. and S. Voigt (2003), ‘Economic Growth and Judicial Independence’, CSifo Working Paper No. 906.
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