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Asymmetric Convergence in Globalization? Findings from a Disaggregated Analysis

Author

Listed:
  • Paschalis Arvanitidis

    (University of Thessaly, Greece)

  • Christos Kollias

    (University of Thessaly, Greece)

  • Petros Messis

    (University of Macedonia, Greece)

Abstract

Using the KOF index of globalization that allows for the multidimensionality of the process, the paper sets out to examine the presence of convergence among countries in the three dimensions of the globalization process: economic, social, political. The sample used in the empirical investigation consists of 111 countries and covers the period 1971–2011. To allow for differences in the speed of convergence, countries were clustered into four income groups: high, upper middle, lower middle and low income in line with the World Bank’s classification. The results yielded and reported herein point to an asymmetric process of convergence with different speeds both between groups as well as in the different dimensions of globalization.

Suggested Citation

  • Paschalis Arvanitidis & Christos Kollias & Petros Messis, 2016. "Asymmetric Convergence in Globalization? Findings from a Disaggregated Analysis," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(2 (Summer), pages 117-135.
    • Handle: RePEc:mgt:youmgt:v:14:y:2016:i:2:p:117-135
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    References listed on IDEAS

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    Cited by:

    1. Charles Shaaba Saba & Nicholas Ngepah & Christian Nsiah, 2020. "Convergence in military expenditure and economic growth in Africa and its regional economic communities: evidence from a club clustering algorithm," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1832344-183, January.
    2. Callaghan, Christian William, 2021. "Consequences of deindustrialisation for globalisation: Insights for international business," International Business Review, Elsevier, vol. 30(3).

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    More about this item

    Keywords

    globalization; convergence; unit roots;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F01 - International Economics - - General - - - Global Outlook
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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