{"title":"The Quality of Legal Systems and Property Rights by State: A Ranking and Their Implications for Economic Freedom","authors":"Ryan H. Murphy","doi":"10.2139/ssrn.3466437","DOIUrl":null,"url":null,"abstract":"This paper constructs a new measure of the quality of the legal system and property rights by U.S. state, combining five pieces of data to develop a novel measure of institutional quality. It integrates this measure to the _Economic Freedom of North America_ index to give a more complete subnational comparison of United States institutions. The quality of the legal system and property rights are measured to be strongest in the upper Midwest and northern New England, and weakest in the South and Hawaii. The integration of this data into _Economic Freedom of North America_ has considerable implications for our understanding of economic freedom at the regional level","PeriodicalId":330992,"journal":{"name":"New Institutional Economics eJournal","volume":"42 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"New Institutional Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3466437","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 6
Abstract
This paper constructs a new measure of the quality of the legal system and property rights by U.S. state, combining five pieces of data to develop a novel measure of institutional quality. It integrates this measure to the _Economic Freedom of North America_ index to give a more complete subnational comparison of United States institutions. The quality of the legal system and property rights are measured to be strongest in the upper Midwest and northern New England, and weakest in the South and Hawaii. The integration of this data into _Economic Freedom of North America_ has considerable implications for our understanding of economic freedom at the regional level