Emery, Thomas J.; Kovač, Mitja; Spruk, Rok - In: Jahrbücher für Nationalökonomie und Statistik 243 (2023) 6, pp. 599-642
In this paper, we revisit and examine the effect of political instability on institutional quality. To this end, we … extract the residual component of institutional quality from the variation in predetermined unobserved characteristics. Across … more than 1.5 million sequenced random samples, we construct novel time-varying estimates of institutional quality at the …