While economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their content. This paper develops several measures of the qualities of policies across countries, arguing...

Numerous recent studies have addressed how the investment choices of firms depend on elite perceptions of the quality of national regulatory regimes. Likewise, other studies show that government structures can help to support credible commitments that protect market mechanisms. We provide the...