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Economic Growth under Globalization: Evidence from Panel Data Analysis

Author

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  • Zhuang, Renan
  • Koo, Won W.

Abstract

It has been controversial among economists about the impacts of globalization on growth, and the debate over the issue has intensified in recent years. In this study, we employ reliable panel data and an empirical growth model derived from production theory to investigate the effects of globalization on economic growth. The estimation results strongly suggest that economic globalization has a significant positive effect on economic growth for all countries. However, China and India would gain the most, followed by developed countries, and other developing countries would gain the least. Other important determinants of economic growth include capital, human capital, and technology.

Suggested Citation

  • Zhuang, Renan & Koo, Won W., 2007. "Economic Growth under Globalization: Evidence from Panel Data Analysis," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9750, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9750
    DOI: 10.22004/ag.econ.9750
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    Cited by:

    1. Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 1-20, December.
    2. Altu Kazar & G rkemli Kazar, 2016. "Globalization, Financial Development and Economic Growth," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 578-587.
    3. Aminu, Umaru & Ahmad Aminu, Hamidu & Salihu, Musa, 2013. "Globalization and its impact on the performance of the Nigerian Economy," MPRA Paper 75231, University Library of Munich, Germany.

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    Keywords

    International Development;

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