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The index is mostly useless, just a collection of random quantifiers averaged together with little apparent thought put into variable selection, weighting or st
by ahi 17y ago
The index is mostly useless, just a collection of random quantifiers averaged together with little apparent thought put into variable selection, weighting or statistical methods. It is useful as a collection of data sources though.
- jbooth 17y agoWell, once you collect the data, you just list the countries in roughly the order that you want them in for unrelated ideological reasons. Then the weightings work themselves out - it's plug and play!
- daniel-cussen 17y agoI think it maps rather closely to, "If I were really, really rich, what would the ranking of countries look like based on how much I wanted to live there?"
- kiba 17y agoIs it possible to quantify the level of respect governments have for property right? Is it possible to quantify the level of regulations and rules made up by government?
- aaronblohowiak 17y ago1) Define property rights, the ways governments can infringe on them and then assign values to those infractions. 2) In part, you can measure the amount of paperwork and time delay in achieving common tasks, like buying land, building a warehouse and incorporating. The sheer number of regulations may also be an indicator for the amount of friction the government is introducing. Defining "level of regulations and rules" is also important in order to come up with a good quantification scheme.