Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/285093 
Title (translated): 
Dinámica transicional y evolución de la transparencia en la información
Year of Publication: 
2022
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 49 [Issue:] 1 [Year:] 2022 [Pages:] 31-62
Publisher: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Abstract: 
The last quarter of the 20th century was a period of sustained economic growth across many countries. Countries' institutional arrangements have been commonly employed as factors in the convergence studies of economic growth and income levels. However, the issue of whether institutions themselves converge has been under-researched. Using the nonparametric distribution dynamics approach and a sample of 194 countries during the 1980-2010 period, we examine a tendency for countries' informational transparency (IT) to converge over time. We find that whilst there is some evidence of unconditional convergence across countries, there is stronger evidence for convergence clubs to emerge, at both regional and income levels. Notably, the level of IT of the low- and lower-middle-income countries and those situated in Africa, and Middle East regions tend to converge towards a level significantly below the global average. We also find a strong relationship between income and IT.
Subjects: 
Institutional convergence
Information transparency
Convergence clubs
Distribution dynamics
Mobility probability plot
JEL: 
C4
E02
F55
P48
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Article

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