Efecto de los Indicadores de Gobernanza Mundial Sobre el Nivel de Convergencia

José Paúl Tinizhañay Peralta

doi:10.4067/S0718-88702021000200077

Authors

José Paúl Tinizhañay Peralta Investigador Independiente https://orcid.org/0000-0002-7350-693X

DOI:

https://doi.org/10.4067/S0718-88702021000200077

Keywords:

Convergence, growth, institutions, log-t test, logistic regression

Abstract

The research aims to analyze the degree of impact of institutional quality on the level of convergence in the world through a two-step approach. First, we identified convergence clubs using the log-t test in 176 countries during 1996-2018. Second, through the ordered logistic regression we investigate the probability of belonging to a certain club, according to institutional quality. The research presents two fundamental contributions. First, a different methodological approach. Second, there are six clubs and two determining factors for a high level of convergence, while the rest of the factors increase the probability of belonging to a middle-income group.

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