The effect of globalisation for economic growth of developing countries

Didžgalvytė-Bujauskė, Monika; Pereira, Elisabeth; Osteikaitė, Aistė

doi:10.7220/aesr.2335.8742.2019.13.1.1

Cited by 5 publications

(3 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Prior studies link globalization and growth to income convergence, technological advancement, and institutional development. Several empirical studies also confirm a positive association between the economic development of certain groups of countries and their participation in the globalization process (Gurgul & Lach, 2014;Didžgalvytė-Bujauskė et al, 2019). At the same time, the existing literature states that globalization can also cause certain hurdles in the economic development of low and middle-income economies (citation).…”

Section: Introductionmentioning

confidence: 90%

A cross-country study of the direct and inverse relationship between economic globalization and growth

Khoroshun

Olasiuk

Rokocha

et al. 2023

Investment Management and Financial Innovations

View full text Add to dashboard Cite

This study aims to explore the cross-country relationship between economic globalization and growth. It assesses the implications of globalization for the world economy and groups of countries with different income levels. The study employed panel data from the World Bank, the Fraser Institute, and the Swiss Federal Institute of Technology in Zürich for 122 countries from 1970 to 2018. Two-stage fixed effect model was used to assess the impact of globalization on growth. The reverse causality was estimated using the method of instrumental variables. The results showed that the world economy benefited from globalization. In turn, greater openness has reinforced economic growth. The study confirms that globalization benefits are distributed unequally. A significant positive impact of globalization on economic growth is confirmed for high and lower-middle-income economies with coefficients of 0.02 and 0.01, respectively. Economic growth of high-income countries is determined by financial globalization, while lower-middle-income countries rely on trade and financial openness. Negative implications of economic globalization took place in upper-middle-income countries with a coefficient of -0.02. In these countries, correlation between trade globalization and growth is -0.13. The effect of economic growth on globalization is found to be significantly positive for high-income (11.08) and upper-middle-income countries (9.62) and statistically insignificant for lower-middle-income economies.

show abstract

Section: Introductionmentioning

confidence: 90%

A cross-country study of the direct and inverse relationship between economic globalization and growth

Khoroshun

Olasiuk

Rokocha

et al. 2023

Investment Management and Financial Innovations

View full text Add to dashboard Cite

show abstract

“…Potrafke ( 2015 ) provides an extensive review on the utility of the KOF index citing over one hundred studies employing the metric; consistent with our methods here he suggests controlling for reverse causality. More recently, Didzgalvyte-Bujauske, Pereira and Osteikaite ( 2019 ) relied on this index to find economic globalization by developing countries impacts their economic growth negatively in the short run, but positively in the long run.…”

Section: Variables and Measuresmentioning

confidence: 99%

Globalization, economic development, and corruption: A cross-lagged contingency perspective

Aïssaoui

Fabian

2021

J Int Bus Policy

View full text Add to dashboard Cite

The 2020 health and economic crisis has exacerbated tensions and debates over whether globalization benefits economic development, as countries face both pressures to enhance economic opportunities through globalization and populist movements seeking protection from global forces. We first review perspectives that offer competing evidence about the role of globalization in regard to economic development and corruption. Drawing on resource dependence and institutional theory, we test the two contingencies of the country’s stage of economic development (low, lower-middle, upper-middle, high) and the globalization dimension (economic, social, political) at play to reconcile competing findings. Using a cross-lagged panel design, we show that these contingencies significantly explain when and what type of globalization can benefit a country’s economy and affect corruption. In doing so, the study provides a platform for future research, and identifies important patterns that can better guide policymaking. Among other results, we find low-income countries’ GDP and corruption benefit the most from the formal dimensions of globalization. With increased wealth, countries are more responsive to the legitimacy accrued with the informal dimensions of globalization, which we find comes at the expense of economic efficiency for high-income countries.

show abstract

“…Due to the importance of the globalization process and the multidimensionality of the process, as well as the importance of the relationship with the economic growth of countries as a measure of globalization and its domains, different indicators are taken. The most significant globalization index used in numerous scientific works is the KOF globalization index published by the Swiss Economic Institute (Danish and Wang, 2018;Didžgalvytė et al, 2019;Rahman, 2020;Shahbaz et al, 2018;Shittu et al, 2020). The KOF globalization index is monitored de facto and de jure.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Globalization on Economic Growth in Transition Countries

Pejović

2024

ekoncas

View full text Add to dashboard Cite

The paper analyzes the impact of economic, social, and political components of globalization on the gross domestic product of transition countries. Available data from 1995 to 2018 were analyzed for two groups of European transition countries, divided according to geographical criteria into Western Transition (WT) countries and Eastern Transition (ET) countries. Based on the results of the panel ARDL approach, it was shown that economic and social globalization positively impact gross domestic product in both groups of countries in the long-run. In contrast, political globalization hurts the gross domestic product. Dumitrescu and Hurlin's causality test showed that in WT countries, there is a significant causality from social globalization to gross domestic product and from social globalization to political globalization. In ET countries, there is significant causality from political globalization to economic and social globalization, while economic globalization causes gross domestic product.

show abstract

The effect of globalisation for economic growth of developing countries

Cited by 5 publications

References 32 publications

A cross-country study of the direct and inverse relationship between economic globalization and growth

A cross-country study of the direct and inverse relationship between economic globalization and growth

Globalization, economic development, and corruption: A cross-lagged contingency perspective

The Impact of Globalization on Economic Growth in Transition Countries

Contact Info

Product

Resources

About