Voigt, Stefan - Volkswirtschaft Abteilung, Fachbereich … - 2009
The statement “institutions matter” has become commonplace. A precondition for it to be supported by empirical evidence …, is, however, that institutions are measurable. Glaeser et al. (2004) attacks many studies claiming to prove the relevance … of institutions for economic development as being based on flawed measures of institutions, or not even on institutions …