How to Measure the Rule of Law
AbstractI argue that the rule of law consists of many dimensions and that much information is lost when variables proxying for these dimensions are simply aggregated. I draw on the most important innovations from various legal traditions to propose a concept of the rule of law likely to find general support. To make the concept measurable, an ideal approach is contrasted with a pragmatic one. The pragmatic approach consists of eight different dimensions. I show that the bivariate correlations between them are usually very low, evidence that more fine-grained indicators of the rule of law, rather than a single hard-to-interpret one, are necessary for its measurement. The paper presents a list of desirable variables that could improve the measurement of various aspects of the rule of law.
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Bibliographic InfoPaper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series MAGKS Papers on Economics with number 200938.
Length: 26 pages
Date of creation: 2009
Date of revision:
Publication status: Forthcoming in
Rule of Law; Institutions; Governance; Measurement; Formal vs. Informal Institutions;
Other versions of this item:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- K00 - Law and Economics - - General - - - General (including Data Sources and Description)
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-11 (All new papers)
- NEP-CBA-2009-09-11 (Central Banking)
- NEP-DEV-2009-09-11 (Development)
- NEP-LAW-2009-09-11 (Law & Economics)
- NEP-POL-2009-09-11 (Positive Political Economics)
- NEP-REG-2009-09-11 (Regulation)
- NEP-SOC-2009-09-11 (Social Norms & Social Capital)
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