Robustness of the KOF index of economic globalisation

Gözgör, Giray

doi:10.1111/twec.12546

Cited by 49 publications

(28 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Accepting the measurement of globalization, it was considered that in the case of the KOF index, these disadvantages are the least important and the advantages are the most. Many researchers, who often use this index in their works, are of the similar opinion (Gozgor, 2018). The new revision of this index 6 will certainly make it even more useful in the future and will contribute to the development of research in this field.…”

Section: Globalization Vs Economic Growth In Newmentioning

confidence: 93%

Globalization vs. economic growth in new countries of the European Union

Swadzba¹

2019

EMS

View full text Add to dashboard Cite

The main goal of this paper is to show the level of globalization, its changes and the rate of economic growth that have taken place in the new Member States of the European Union (EU), exactly the former socialist countries (EU-11). The aim is also to present the impact of globalization on economic growth in these countries. The following research methods were used: historical, literature, descriptive analysis and simple statistical methods. Statistical data used in this paper come from KOF (index of globalization and its three subindices), Eurostat and Human Development Reports (United Nations Development Programme). The time range of research is 1990-2018. The main conclusions of the study are as follows: 1.The level of globalization of this group of countries has increased significantly; 2. The largest increase took place in countries where the level of globalization at the starting point was the lowest, and the lowest in the most globalized countries; 3. As a result, the differences between individual countries have significantly diminished (we can see the convergence); 4. The current level of globalization of these countries is mainly the result of the combined action of both systemic transformations and the process of integration with the EU. 5. The rate of economic growth in these countries is rather high, much higher than in the old EU. As a result, GDP per capita increased significantly; 6. A small positive correlation exists between the degree of globalization and GDP per capita in these countries; 7. The positive impact of globalization on economic growth in the analysed group of countries was also noted.

show abstract

Section: Globalization Vs Economic Growth In Newmentioning

confidence: 93%

Globalization vs. economic growth in new countries of the European Union

Swadzba¹

2019

EMS

View full text Add to dashboard Cite

show abstract

“…Therefore, non-tradable products are relatively more expensive in developed countries. Using trade openness in real prices can solve this problem (Gozgor, 2018).…”

Section: Datamentioning

confidence: 99%

The impact of tourism growth on income inequality: Evidence from developing and developed economies

et al. 2020

Self Cite

View full text Add to dashboard Cite

In this article, we investigate the effects of tourism indicators on income inequality (IIE) in a sample of 102 countries. We divide the sample countries into 71 developing and 31 advanced economies. Using annual data from 1995 to 2014, we employ panel unit root tests, cointegration, fixed-effects, fully modified ordinary least squares, and causality techniques. Our findings show that tourism indicators have a significant negative impact on IIE in developing economies, while they have an insignificant impact in developed economies. Conversely, economic globalization increases IIE in developing economies, whereas its effect is positive but statistically insignificant in developed countries. From these findings, the study outlines detailed policy and practical implications.

show abstract

“…The use of the KOF index as an objective measure of globalization presents enormous benefits for the analysis of this phenomenon, to such an extent that its representativeness has made it one of the standards of the empirical literature [32]. However, its implementation may present certain problems related to its robustness [66,67], a fact that, in any empirical analysis, can lead to the obtaining of regressions and causal inferences of a purely spurious nature. In this sense, Reference [32], based on [44][45][46]68,69], indicates that KOF indices exhibit a unit root, thus increasing the possibility of generating spurious regressions when both this index and any other variables jointly analyzed are not stationary.…”

Section: Methodsmentioning

confidence: 99%

The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

2020

View full text Add to dashboard Cite

Background: The analysis of the problems derived from globalization has become one of the most densely studied topics at the beginning of this millennium, as they can have a crucial impact on present and future sustainable development. This paper analyzes the differential patterns of globalization in four worldwide areas predefined by The World Bank (namely, High-, Upper-Middle-, Lower-Middle-, and Low-Income countries). The main objective of this work is to estimate the effect of globalization on some economic development indicators (specifically per capita income and public expenditure on health) in 217 countries over the period 2000–2016. Methods: Our empirical approach is based on the implementation of a novel econometric methodology: The so-called Toda–Yamamoto procedure, which has been used to analyze the possible causal relationships between the involved variables. We employ World Development Indicators, provided by The World Bank, and the KOF Globalization Index, elaborated by the KOF Swiss Economic Institute. Results: The results show that there is a causal relationship in the sense of Granger between globalization and public expenditure on health, except in High-Income countries. This can be interpreted both negatively and positively, confirming the double character of globalization, as indicated by Stiglitz.

show abstract

Robustness of the KOF index of economic globalisation

Cited by 49 publications

References 26 publications

Globalization vs. economic growth in new countries of the European Union

Globalization vs. economic growth in new countries of the European Union

The impact of tourism growth on income inequality: Evidence from developing and developed economies

The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

Contact Info

Product

Resources

About