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A comparative study of trends in globalization using different synthetic indicators

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Abstract

Using the KOF data at the annual level, we construct ten different composite indices for comparing the extent of globalization of 131 countries for eleven years, 1999-2009. We compare the different indices of globalization among themselves and also with the Dreher-KOF index of globalization and find that among the different indices the Dreher-Chebyshev index is the most representative one. Among the countries, we concentrate on the trends in globalization of India and her neighboring countries, Bangladesh, China, and Pakistan.

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  • Mishra, SK, 2012. "A comparative study of trends in globalization using different synthetic indicators," MPRA Paper 38028, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:38028
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    References listed on IDEAS

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    1. Mishra, SK, 2012. "A note on the indeterminacy and arbitrariness of pena’s method of construction of synthetic indicators," MPRA Paper 37534, University Library of Munich, Germany.
    2. Chunlai Chen, 2011. "Foreign Direct Investment in China," Books, Edward Elgar Publishing, number 14100.
    3. S K Mishra & P Nayak, 2007. "Socioeconomic Dimensions of Globalization in India," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(1), pages 63-80, February.
    4. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, University Library of Munich, Germany, revised 16 Jun 2003.
    5. Sudhanshu Mishra, 2004. "Multicollinearity and maximum entropy leuven estimator," Economics Bulletin, AccessEcon, vol. 3(25), pages 1-11.
    6. Mishra, SK, 2007. "A Comparative Study of Various Inclusive Indices and the Index Constructed by the Principal Components Analysis," MPRA Paper 3377, University Library of Munich, Germany.
    7. Axel Dreher, 2006. "Does globalization affect growth? Evidence from a new index of globalization," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1091-1110.
    8. Mishra, SK, 2012. "A note on construction of heuristically optimal Pena’s synthetic indicators by the particle swarm method of global optimization," MPRA Paper 37625, University Library of Munich, Germany.
    9. Mishra, SK, 2012. "A maximum entropy perspective of Pena’s synthetic indicators," MPRA Paper 37797, University Library of Munich, Germany.
    10. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
    11. repec:ebl:ecbull:v:3:y:2004:i:25:p:1-11 is not listed on IDEAS
    12. Mishra, SK, 1984. "Taxonomical analysis of regional development by outranking relations on multiple principal components," MPRA Paper 8989, University Library of Munich, Germany.
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    Cited by:

    1. Manuel Dorado-Moreno & Antonio Sianes & César Hervás-Martínez, 2016. "From outside to hyper-globalisation: an Artificial Neural Network ordinal classifier applied to measure the extent of globalisation," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(2), pages 549-576, March.
    2. Sudhanshu K. MISHRA, 2016. "BA Note on Construction of a Composite Index by Optimization of Shapley Value Shares of the Constituent Variables," Turkish Economic Review, KSP Journals, vol. 3(3), pages 466-472, September.
    3. Nayak, Purusottam & Mishra, SK, 2012. "Efficiency of Pena’s P2 Distance in Construction of Human Development Indices," MPRA Paper 39022, University Library of Munich, Germany.
    4. Mishra, SK & Kumar, Binod, 2012. "Disparities in Globalization of the World Economies," MPRA Paper 41936, University Library of Munich, Germany.

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    More about this item

    Keywords

    Synthetic; Composite indices; Pena indicators; Particle Swarm; Combinatorial optimization; Globalization; Tsallis entropy; Sharma-Mittal entropy; Maximin problem;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • F01 - International Economics - - General - - - Global Outlook
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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