Globalization, economic growth, and spillovers: A spatial analysis

Mahyudin Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: This paper seeks to deepen our understanding of the globalization-growth nexus as it extends the investigation to using a spatial econometric approach, hitherto has been rarely used in the globalization literature. The objective of the paper is to uncover not only the significant growth-effects of globalization, but also the possible spillover effects of globalization onto neighbouring countries. Using a panel dataset of 83 countries and 30-year period and via a spatial autoregressive panel data method, this paper estimates a standard growth model augmented with a parameter to capture the countries’ spatial dependence, whilst controlling for globalization indices. The findings indicate a positive effect of economic globalization and the effect is dependent upon the political settings in the countries under study. The spillover effects of globalization across neighbouring countries are shown, both in geographical and institutional spheres. The paper concludes with some policy recommendations.

Keywords: globalization; economic growth; institutional quality; spatial autooregressive model (search for similar items in EconPapers)
JEL-codes: C31 F63 O43 (search for similar items in EconPapers)
Date: 2018-03
New Economics Papers: this item is included in nep-geo, nep-gro and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Globalisation, Economic Growth, and Spillovers: A Spatial Analysis (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86252

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