Economic Growth under Globalization: Evidence from Panel Data Analysis

Renan Zhuang and Won W. Koo

No 9750, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: It has been controversial among economists about the impacts of globalization on growth, and the debate over the issue has intensified in recent years. In this study, we employ reliable panel data and an empirical growth model derived from production theory to investigate the effects of globalization on economic growth. The estimation results strongly suggest that economic globalization has a significant positive effect on economic growth for all countries. However, China and India would gain the most, followed by developed countries, and other developing countries would gain the least. Other important determinants of economic growth include capital, human capital, and technology.

Keywords: International; Development (search for similar items in EconPapers)
Pages: 22
Date: 2007
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9750

DOI: 10.22004/ag.econ.9750

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