Does Globalization Affect Growth?

Axel Dreher ()

Development and Comp Systems from EconWPA

Abstract: The paper presents an index of globalization covering its three main dimensions: economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 the effects of the overall index of globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although less robustly, information flows also promote growth whereas political integration has no effect.

Keywords: Globalization; Growth (search for similar items in EconPapers)
JEL-codes: H77 O57 F43 (search for similar items in EconPapers)
Date: 2002-10-21, Revised 2003-06-16
Note: Type of Document -
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpdc:0210004

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