Institutional Quality Dataset

Data source: Aljaz Kuncic

Description:

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.

Last updated by source: 2013-03-12

Citation:

    @article{kun1,
 author = {Aljaz Kuncic},
 doi = {10.1017/S1744137413000192},
 journal = {Journal of Institutional Economics},
 number = {01},
 pages = {135--161},
 publisher = {Cambridge University Press},
 title = {Institutional Quality Dataset},
 volume = {10},
 year = {2014}
}


    

Variables in this dataset: