Aljaž Kun?i?
Institutional quality dataset
University of Ljubljana
abstract paper emphasize role institutions underlying basis economic social activity describe compare different institutional classification systems rarely done literature show empirically operationalize institutional concepts 30 established institutional indicators clustered three homogeneous groups formal institutions legal political economic capture large extent complete formal institutional environment country compute latent quality legal political economic institutions every country world every year basis propose legal political economic world institutional quality ranking follow whether country improving worsening relative institutional environment calculated latent institutional quality measures especially useful panel data applications add usual practice using simply one another index institutional quality capture institutional environment make institutional quality dataset covering 197 countries territories 1990 2010 freely available online