This paper proposes three principles for users and producers of governance indicators that both summarize the challenges in measurement and suggest ways forward: (1) all governance indicators have measurement error, (2) there are no silver bullets, and (3) the links from governance to development outcomes are complex. An overarching message is that alternative governance indicators should be viewed as complements rather than substitutes.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8187.
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Find related papers by JEL classification: O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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