Data source: Aljaz Kuncic
More than 30 established institutional indicators can be clustered into three homogeneous groups of formal institutions: legal, political and economic, which capture to a large extent the complete formal institutional environment of a country. The latent qualities of legal, political and economic institutions for every country in the world and for every year are calculated. On this basis, a legal, political and economic World Institutional Quality Ranking are proposed, through which one can follow whether a country is improving or worsening its relative institutional environment. The calculated latent institutional quality measures can be useful in further panel data applications and add to the usual practice of using simply one or another index of institutional quality to capture the institutional environment.
This dataset is now only available in our compilations.
When using this dataset, please cite as:
(Kuncic, 2014)
Browse variables and select them for download.
kun_cluster
Cluster membership based on means.
kun_ecoabs
Absolute economic institutional quality(simple averages).
kun_ecorel
Economic institutional quality (relative factor scores).
kun_legabs
Absolute legal institutional quality (simple averages).
kun_legrel
Legal institutional quality (relative factor scores).
kun_polabs
Absolute political institutional quality (simple averages).
kun_polrel
Political institutional quality (relative factor scores).
kun_wiqreco_all
Economic World Institutional Quality Ranking (all countries).
kun_wiqreco_full
Economic World Institutional Quality Ranking (countries with full observations).
kun_wiqrleg_all
Legal World Institutional Quality Ranking (all countries).
kun_wiqrleg_full
Legal World Institutional Quality Ranking (countries with full observations).
kun_wiqrpol_all
Political World Institutional Quality Ranking (all countries).
kun_wiqrpol_full
Political World Institutional Quality Ranking (countries with full observations).