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Does Globalization Affect Growth?

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  • Dreher, Axel

Abstract

The paper presents an index of globalization covering its three main dimensions: economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 it is analyzed empirically whether the overall index of globalization as well as sub-indexes constructed to measure the single dimensions affect economic growth. The results show that globalization promotes growth – but not to an extent necessary to reduce poverty on a large scale. The dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although less robustly, information flows also promote growth whereas political integration has no effect.

Suggested Citation

  • Dreher, Axel, 2003. "Does Globalization Affect Growth?," Conference papers 331083, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331083
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    File URL: https://ageconsearch.umn.edu/record/331083/files/990.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Vatcharin Sirimaneetham, 2006. "Explaining policy volatility in developing countries," Bristol Economics Discussion Papers 06/583, School of Economics, University of Bristol, UK.
    2. Amavilah, Voxi & Asongu, Simplice A & Andrés, Antonio R, 2014. "Globalization, Peace & Stability, Governance, and Knowledge Economy," MPRA Paper 58756, University Library of Munich, Germany.
    3. Zerrin K l carslan & Yasemin Dumrul, 2018. "The Impact of Globalization on Economic Growth: Empirical Evidence from the Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 115-123.
    4. Axel Dreher & Lars-H.R. Siemers, 2003. "The Intriguing Nexus Between Corruption and Capital Account Restrictions," Development and Comp Systems 0306004, University Library of Munich, Germany, revised 07 Jul 2005.
    5. Dreher, Axel, 2006. "The influence of globalization on taxes and social policy: An empirical analysis for OECD countries," European Journal of Political Economy, Elsevier, vol. 22(1), pages 179-201, March.
    6. Vatcharin Sirimaneetham, 2006. "What drives liberal policies in developing countries?," Bristol Economics Discussion Papers 06/587, School of Economics, University of Bristol, UK.
    7. Srdjan Redzepagic & Malisa Djukic, 2011. "Serbian Place in the Process of Globalization Toward the European Integration," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 1, pages 3-17, Institute of Economic Sciences.
    8. Axel Dreher & Bernhard Herz & Volker Karb, 2006. "Is there a causal link between currency and debt crises?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(4), pages 305-325.
    9. Amavilah, Voxi Heinrich, 2009. "Globalization, governance, and the economic performance of Sub-Saharan Africa," MPRA Paper 15600, University Library of Munich, Germany.
    10. Amavilah, Voxi Heinrich, 2009. "National identity, globalization, and the well-being of nations," MPRA Paper 14948, University Library of Munich, Germany.
    11. Olimpia Neagu & Andrei Marius Anghelina & Mircea Constantin Teodoru & Marius Boiță & Katalin Gabriela David, 2023. "Could Globalisation and Renewable Energy Contribute to a Decarbonised Economy in the European Union?," Sustainability, MDPI, vol. 15(22), pages 1-26, November.
    12. Callaghan, Christian William, 2021. "Consequences of deindustrialisation for globalisation: Insights for international business," International Business Review, Elsevier, vol. 30(3).
    13. Amavilah, Voxi Heinrich, 2009. "National symbols, globalization, and the well-being of nations," MPRA Paper 14882, University Library of Munich, Germany.

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