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

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  • Olimpia Neagu
  • Stela Dima

    (“Vasile Goldiș” Western University of Arad, Romania)

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.

Suggested Citation

  • Olimpia Neagu & Stela Dima, 2017. "Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 27(1), pages 29-40, April.
    • Handle: RePEc:vrs:suvges:v:27:y:2017:i:1:p:29-40:n:3
    DOI: 10.1515/sues-2017-0003
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    References listed on IDEAS

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    Cited by:

    1. Simionescu Mihaela, 2018. "What Drives Economic Growth in Some CEE Countries?," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 28(1), pages 46-56, March.
    2. Neagu Olimpia & Porumbăcean Teodora & Anghelina Andrei Marius, 2023. "Does Financial Development, Globalisation and Institutional Quality Drive the Income Convergence in the Central and Eastern European Union Countries?," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 33(1), pages 88-108, March.
    3. Pop Viorel, 2018. "Petroleum – Strategic Resource for World Economy," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 28(2), pages 70-85, June.
    4. Berde Éva & Kuncz Izabella, 2019. "Active Ageing Index, New Emphasis Within the Same Methodology. The Role of the Internet," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(4), pages 1-20, December.

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