This dataset supports a cross-sectional study investigating the determinants of financial development across countries. The analysis uses an instrumental variables approach to examine the roles of cultural values, institutional quality, and trade openness.
Use Cases
- Analyze the relationship between trade openness and financial development metrics across countries.
- Investigate how institutional constraints on political elites correlate with measures of financial system size.
- Assess the explanatory power of cultural beliefs on cross-country variations in financial development.
Strengths
- Data supports a formal econometric analysis using an instrumental variables approach to address endogeneity.
- The study explicitly tests competing theories (cultural, institutional, trade-based) for financial development.
Limitations
- The dataset is cross-sectional, limiting analysis of trends or causal dynamics over time.
- Specific variables, sample size, and country coverage are not detailed in the provided input.
Provenance
- Source
- ICPSR Harvested Dataverse
- Collection Method
- null
- Time Range
- null
- Freshness
- null
- Geography
- Cross-country coverage (specific countries not listed)