Yanovsky, Konstantin; Menyashev, Rinat; Ginker, Timofey - Gaidar Institute for Economic Policy - 2014
.e., for a cross-section analysis). In this paper we propose two new indicators of institutional quality for 154 countries …. These indicators are constructed in a way that minimizes the subjectivity of the evaluations. Only the presence or absence … verify. We show that these indices predict economic growth at least not worse, than those commonly used. The indicators …