Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions

Olimpia Neagu () and Stela Dima ()
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Olimpia Neagu: “Vasile Goldiș” Western University of Arad, Romania
Stela Dima: “Vasile Goldiș” Western University of Arad, Romania

Studia Universitatis „Vasile Goldis” Arad – Economics Series, 2017, vol. 27, issue 1, 29-40

Abstract: The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices) on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013.

Keywords: open economy; economic growth; macroeconomic impacts of globalisation (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:suvges:v:27:y:2017:i:1:p:29-40:n:3

DOI: 10.1515/sues-2017-0003

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