Ülo Ennuste Economics

papers and articles in wordpress

NB! New Article by John Buchanan et al.

NB! New Open Access Article by John Buchanan et al.

BUCHANAN, J., CHAI, D.H. and DEAKIN, S. 2013. “Empirical analysis of legal institutions and institutional change: multiple-methods approaches and their application to corporate governance research” – Journal of Institutional Economics, November 2013, pp 1-20: http://journals.cambridge.org/action/displayFulltext?type=1&fid=9091910&jid=JOI&volumeId=-1&issueId=-1&aid=9091907 


The claim that institutions matter for economic growth and development has so far received a more extensive theoretical treatment than an empirical or methodological one. Basing our approach on a coevolutionary conception of relations between law and the economy, we link theory to method and explore three techniques for analysing legal institutions empirically: ‘leximetric’ measurement of legal rules, time-series econometrics and interview-based fieldwork. We argue that while robust measurement of institutions is possible, quantitative techniques have their limits, and should be combined with fieldwork in a multiple-methods approach.


December 16, 2013 - Posted by | Uncategorized

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