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Measuring co-movement of globalization and democratization in the time–frequency space

Author

Listed:
  • Yung-hsiang Ying

    () (Undergraduate Program of Business Administration, National Taiwan Normal University)

  • Koyin Chang

    () (Department of Healthcare Information and Management, Ming Chuan University)

  • Ginny ju-ann Yang

    () (Department of Money and Banking, National Kaohsiung First University of Science and Technology)

  • Chen-hsun Lee

    () (Department of Money and Banking, National Kaohsiung First University of Science and Technology)

Abstract

In the fields of political science and economics there has been a recent surge of interest in the co-movement of globalization and democratization. Wavelet coherency analysis was first used to measure the co-movement of globalization and democratization in time and frequency domains. We collected our data from the period 1948-2010. The results were as follows: (1) Co-movement is weaker for fluctuations with a duration of less than 3 years during the period from 1950-1990, with the exception of significantly positive co-movement with a duration of greater than 4 years during 1965-1975; and (2) positive long-term, mid-term, and short-term co-movement was indicated after 1990, among which positive short-term to short mid-term co-movement was the most significant. These results suggest that the Cold War influenced the interaction between democratization and globalization.

Suggested Citation

  • Yung-hsiang Ying & Koyin Chang & Ginny ju-ann Yang & Chen-hsun Lee, 2014. "Measuring co-movement of globalization and democratization in the time–frequency space," Economics Bulletin, AccessEcon, vol. 34(1), pages 206-219.
  • Handle: RePEc:ebl:ecbull:eb-13-00470
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Globalization; Democracy; Co-movement; Wavelet Coherency Analysis;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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