engleski

GLOBALISATION AND GROWTH: EMPIRICAL EVIDENCE FROM CEE COUNTRIES

This paper investigates the impact of globalisation on growth in a sample of 9 Central and Eastern European countries. While the previous literature (both theoretical and empirical) does not provide a clear answer on the impact of globalisation on growth, this paper contributes to the literature by investigating empirically this link in the context of Central and Eastern Europe. We apply the recently very popular KOF index of globalisation, as well as its subcomponents on economic, political and social globalisation. Our findings suggest a positive impact of globalisation on growth, this particularly being the case with the economic globalisation.

Globalisation, Growth, Central and Eastern Europe, Panel Data

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