Institutional quality and economic development — how property rights, rule of law, corruption control, and democratic governance shape long-run per capita income. Built on Acemoglu, Johnson & Robinson (2001), North (1990), Rodrik et al. (2004), Kaufmann et al. (2010), and Mauro (1995).
How formal and informal institutions — property rights, rule of law, corruption control, governance — shape long-run economic development outcomes across countries.
rule_of_law
Rule of LawConfidence in and abidance by the rules of society, including contract enforcement, property rights, and the courts. WGI Rule of Law indicator.
control_of_corruption
Control of CorruptionThe extent to which public power is NOT exercised for private gain, including petty and grand corruption.
property_rights_security
Property Rights SecurityDegree to which private property rights are legally protected against state expropriation and private predation.
government_effectiveness
Government EffectivenessQuality of public services, civil service, and credibility of government commitment to policies. WGI Government Effectiveness.
democratic_governance
Democratic GovernanceDegree to which political leaders are chosen through free elections with civil liberties protection. Polity2, V-Dem, Freedom House.
Domain: Institutional Quality and Economic Development
How formal and informal institutions — property rights, rule of law, corruption control, governance — shape long-run economic development outcomes across countries.
Temporal scope: 1960-present | Population: Sovereign states (country-year)
Install this PAX into your Praxis instance:
praxis_import_pax("institutional-quality-development.pax.tar.gz", install=True)