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

  • 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)

Registered author(s):

    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.

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    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 34 (2014)
    Issue (Month): 1 ()
    Pages: 206-219

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    Handle: RePEc:ebl:ecbull:eb-13-00470
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