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Globalization and economic growth: Evidence from two decades of transition in CEE

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  • Gurgul, Henryk
  • Lach, Łukasz

Abstract

This paper examines the role of various aspects of globalization for economic growth in ten CEE economies. In contrary to previous papers, we restrict our analysis solely to the first two decades of transition. Using the globalization indexes published by the Swiss Economic Institute, we found strong and robust evidence of growth-stimulating effect of globalization processes, especially in social and economic dimensions. On the other hand, the role of political dimension of globalization was not found to be statistically significant in any research variant.

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  • Gurgul, Henryk & Lach, Łukasz, 2014. "Globalization and economic growth: Evidence from two decades of transition in CEE," Economic Modelling, Elsevier, vol. 36(C), pages 99-107.
    • Handle: RePEc:eee:ecmode:v:36:y:2014:i:c:p:99-107
    DOI: 10.1016/j.econmod.2013.09.022
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    More about this item

    Keywords

    Globalization; Economic growth; CEE transition economies;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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