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Globalisation, Economic Growth, and Spillovers: A Spatial Analysis
Margin: The Journal of Applied Economic Research Pub Date : 2019-08-01 , DOI: 10.1177/2347631119841257
Mahyudin Ahmad

This article seeks to deepen our understanding of the globalisation–growth nexus as it extends the investigation to using a spatial econometric approach, hitherto rarely used in the globalisation literature. The objective of the article is to uncover not only the significant growth effects of globalisation but also its possible spillover effects onto neighbouring countries. Using a panel data set of 83 countries across a 30-year period and via a spatial autoregressive panel data method, this article estimates a standard growth model augmented with a parameter to capture the countries’ spatial dependence, whilst controlling for globalisation indices. The findings indicate a positive effect of economic globalisation, which is dependent upon the political settings in the countries under study. The spillover effects of globalisation across neighbouring countries are shown, both in geographical and institutional spheres. The article concludes with some policy recommendations. JEL: F63, C31

中文翻译:

全球化,经济增长和溢出:空间分析

本文旨在加深我们对全球化与增长关系的理解,因为它将调查扩展到使用空间计量经济学方法,这是迄今为止在全球化文献中很少使用的方法。本文的目的是不仅揭示全球化的显着增长效应,而且还探究其对邻国的可能溢出效应。本文使用30年中83个国家/地区的面板数据集,并通过空间自回归面板数据方法,估算了标准增长模型,该模型增加了一个参数,以捕获这些国家的空间依赖性,同时控制全球化指数。研究结果表明,经济全球化的积极影响取决于所研究国家的政治环境。在地理和体制领域,都显示了全球化对邻国的溢出效应。本文最后提出了一些政策建议。JEL:F63,C31
更新日期:2019-08-01
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