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The KOF Globalisation Index – Revisited

Savina Gygli, Florian Haelg () and Jan-Egbert Sturm ()
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Florian Haelg: KOF Swiss Economic Institute, ETH Zurich, Switzerland
Jan-Egbert Sturm: KOF Swiss Economic Institute, ETH Zurich, Switzerland

No 18-439, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: In this paper we present and describe the revised version of the KOF Globalisation Index, a composite index measuring globalisation for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second revision of the index introduces the differentiation between de facto and de jure measures along the different dimensions of globalisation, the differentiation between trade and financial globalisation within the economic dimension of globalisation and time-varying weighting of the variables entering the index. Finally, the revised version incorporates several additional variables in the construction process. At the aggregate level, we show that a bidirectional relationship between de facto and de jure globalisation exists.

Keywords: Keywords: Globalisation; composite indicators; Granger causality; economic growth (search for similar items in EconPapers)
JEL-codes: F15 F36 F43 F53 F60 F62 O19 O24 O57 Y10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2018-02
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https://doi.org/10.3929/ethz-b-000238666 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:18-439

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