With the right method, aggregate indicators can provide useful estimates of basic governance concepts as well as …

In recent years, the growing interest of academics and policymakers in governance has been reflected in the … proliferation cross-country indices measuring various aspects of governance. In this paper we explain how a simple variant of an … unobserved components model can be used to combine the information from these different sources into aggregate governance …

The authors construct aggregate governance indicators for six dimensions of governance, covering 175 countries in 2000 …-01. They apply the methodology developed in Kaufmann, Kraay, and Zoido-Lobaton ("Aggregating Governance Indicators", Policy … Research Working Paper 2195, and "Governance Matters", Policy Research Working Paper 2196, October 1999) to newly available …

Progress in measuring governance is assessed using a simple framework that distinguishes between indicators that … governance indicators. Some simple principles are identified to guide the use and refinement of existing governance indicators … and the development of future indicators. These include transparently disclosing and accounting for the margins of error …

http://www.worldbank.org/wbi/governance/govdata2001.htm. This paper - a joint product of the Development Research Group and …Updated governance indicators report estimates of six dimensions of governance for 175 countries in 2000-01. They can … be compared with those constructed for 1997-98. Kaufmann, Kraay, and Zoido-Lobaton construct aggregate governance …