Publication details

Indicators of Institutional Quality



Year of publication 2014
Type Article in Proceedings
Conference Conference proceedings 12th International Scientific Conference “Economic Policy in the European Union Member Countries”
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords New Institutional Economics; Institutional quality; Indicators; WGI; ICRG; Polity
Description In recent years, there has been an increasing interest in empirical studies of institutions. For this purpose several indicators of institutional quality has been developed. This paper seeks to discover what institutional quality indicators are the most frequently used ones and how many different types of indicators can be found in the relevant economic literature. On the basis of further analysis it is presented how often and in which studies particular indicators are used during the analysis period. Lastly, it is investigated whether the number of citations of the papers which use any indicator of institutional quality for empirical research is related to the type of the indicator. A criticism of certain types of indicators is also mentioned. The findings presented in this paper should provide an insight into the field of measuring institutions.
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