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This document presents the Institutional Profiles Database (IPD) 2009. IPD offers researchers a quantitative evaluation of the institutional characteristics of 123 countries covering 99% of global GDP and 96% of the world population. The database is oriented towards the analysis of the relationship between institutions and long-term economic growth. The IPD 2009 is the third edition (earlier versions appeared in 2001 and 2006), and a fourth edition is planned for 2012.

IPD covers a broad spectrum of institutional characteristics, going well beyond the measurement of governance indicators. The nine major institutional functions assessed by IPD are: 1. Political institutions; 2. Safety, Law and Order, Control of violence; 3. Functioning of public administrations; 4. Free operation of markets; 5. Coordination of actors, Strategic vision, Innovation; 6. Security of transactions and contracts; 7. Market regulations, Social dialogue; 8. Openness to the outside world and 9. Social cohesion and mobility.

The complete database is freely available at:

The database is presented in three versions: a full version that contains 367 variables; and two aggregated versions, one containing 133 variables and the other 93 variables. Both of the condensed versions are aggregated based on the methodology presented in this document. Other aggregation methods can also be used.

Keywords: database, development, governance, growth, indicators, informal, institutions.

JEL: A0, K0, O1, O4, O57, P0.