Naslov
Empirical Investigation of the Impact of Globalization on Economic Growth: Any Difference between the de Jure and de Facto Measures of Globalization?

Autori
Šimić, Vladimir

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
ITEMA 2021 Selected Papers / - Belgrade : Association of Economists and Managers of the Balkans, 2021 / Bevanda, Vuk - Beograd : Association of Economists and Managers of the Balkans - Udekom Balkans, 2021, 29-38

ISBN
978-86-80194-50-9

Skup
5th International Scientific Conference on IT, Tourism, Economics, Management and Agriculture (ITEMA 2021)

Mjesto i datum
Beograd, Srbija; online, 21.10.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Globalization ; Growth ; Ex-socialist Countries

Sažetak
This paper empirically investigates how globalization impacted economic growth in a broad group of countries covered by the wiiw (the Vienna institute for international economic studies) database covering the period since the 1990s. Whilst theoretical arguments in favor of the positive effects of globalization are predominant, there also exist sound arguments pointing out that the effects might be negative too. Empirical evidence also provides a mixed picture. Given this ambiguity, it seems reasonable to further pursue the empirical effects of globalization on growth. The novelty in this paper is the application of different measures of globalization within the KOF index of globalization introduced by Dreher (2006) and later revisited by Gygli et al. (2019). In particular, this applies to distinguishing between the de jure and de facto measures of globalization and allows a comparison between the findings of these approaches. In its empirical investigation, this study uses the panel data analysis covering the ex-socialist European and Asian countries providing some interesting insights.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA