Does Globalization Affect Growth? : evidence from a new Index of Globalization

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DREHER, Axel, 2005. Does Globalization Affect Growth? : evidence from a new Index of Globalization

@techreport{Dreher2005Globa-11955, series={Research paper series / Thurgauer Wirtschaftsinstitut}, title={Does Globalization Affect Growth? : evidence from a new Index of Globalization}, year={2005}, number={6}, author={Dreher, Axel} }

Does Globalization Affect Growth? : evidence from a new Index of Globalization 2011-03-25T09:41:21Z Dreher, Axel eng Dreher, Axel application/pdf 2005 2011-03-25T09:41:21Z The paper presents an index of globalization covering its three main dimensions: economic integration,<br />social integration, and political integration. Using panel data for 123 countries in 1970-2000 it is<br />analyzed empirically whether the overall index of globalization as well as sub-indexes constructed to<br />measure the single dimensions affect economic growth. As the results show, globalization indeed<br />promotes growth. The dimensions most robustly related with growth refer to actual economic<br />flows and restrictions in developed countries. Although less robustly, information flows also<br />promote growth whereas political integration has no effect. deposit-license

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