How to Measure Informal Institutions

23 Pages Posted: 17 Mar 2016

See all articles by Stefan Voigt

Stefan Voigt

University of Hamburg - Institute of Law & Economics; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: March 15, 2016

Abstract

There have been repeated claims that informal institutions play an important or even crucial role in economic development. Yet, measuring informal institutions entails serious challenges. This paper identifies the difficulties in measuring informal institutions, critically discusses some attempts hitherto taken and encourages the more intensive use of experiments to measure them.

Keywords: Institutions, Formal vs. Informal Institutions, external vs. internal institutions, culture vs. institutions, social capital, trust

JEL Classification: B41, C81/82, H11, K00, O17, O43, O57

Suggested Citation

Voigt, Stefan, How to Measure Informal Institutions (March 15, 2016). Available at SSRN: https://ssrn.com/abstract=2748214 or http://dx.doi.org/10.2139/ssrn.2748214

Stefan Voigt (Contact Author)

University of Hamburg - Institute of Law & Economics ( email )

Johnsallee 35
Hamburg, 20148
Germany
+49-40-428385782 (Phone)
+49-40-428386794 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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