The Institutional Economics of Water
Show Less

The Institutional Economics of Water

A Cross-Country Analysis of Institutions and Performance

R. Maria Saleth and Ariel Dinar

This outstanding new book provides the most detailed and comprehensive evaluation of water reform and water sector performance from the perspectives of institutional economics and political economy.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 6: Empirical Context: Description and Justification

R. Maria Saleth and Ariel Dinar


Despite their macro focus and partial coverage of institutional and exogenous aspects, the models presented in the previous chapter are able to capture some of the most important layers of linkages inherent in the process of institution–performance interaction within the water sector. When these models are empirically estimated, some of the critical linkages that we have shown analytically can be evaluated quantitatively as well. Such a quantitative analysis can provide a basis for formal statistical analysis of the relative role, direction, and significance of the influences that various institutional aspects and exogenous factors have on the performance of both water institution and water sector. However, the validity and credibility of such a statistical analysis are predicated on the relevance and suitability of the empirical context, and its underlying sample selection procedure and data generation process. The main purpose of this chapter is, therefore, to describe and justify the empirical context selected for a quantitative analysis of institutions and performance. STAKEHOLDERS’ PERCEPTION AS AN EMPIRICAL BASIS All the three models described in the previous chapter can be quantitatively addressed by using either time-series data for a country or region or crosssection data for a set of countries or regions, or by combining both the timeseries and cross-section data within a panel framework. Unfortunately, obtaining enough actually observed and internationally comparable timeseries or cross-section data for an empirical estimation of our models, though not impossible, is extremely costly in terms of both time and resources. Even if such data are available,...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.