Institutionalized social technologies index: A global perspective

Abstract

This paper presents an index of institutionalized social technologies covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. Specifically it attempted to classify and measure various types of institutions based on a theoretical framework, these institutional indicators are then aggregated to measure cross country institutional qualities of 141 countries. We also test provide a comparison with other major indices.

Keywords

• institutions
• factor analysis
• index
• rent seeking
• governance