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The Impact of Globalization on Economies of Developed Countries

Author

Listed:
  • Lenka Pelegrinova

    (University of Presov, Slovakia)

  • Martin Lacny

    () (University of Presov, Slovakia)

Abstract

The concept of globalization is interpreted by various authors in terms of its importance or content. Thisarticlepresents results of an analysis of the influence of globalization trends on important macroeconomic indicators of selected countries. An examination of the level of globalization as a quantitative marker was enabled by the KOF Index of Globalization, which provides an indication of the economic, political and social globalization at global level. Research methods included time series analysis, trend analysis and nonparametric regression model (regression of panel data).

Suggested Citation

  • Lenka Pelegrinova & Martin Lacny, 2013. "The Impact of Globalization on Economies of Developed Countries," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 2(3), pages 25-34, September.
  • Handle: RePEc:sph:rjedep:v:2:y:2013:i:3:p:25-34
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    More about this item

    Keywords

    Economic Globalization; Political Globalization; Social Globalization; KOF Index of Globalization; Open Economy;

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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