Globalization and economic growth: empirical evidence on the role of complementarities.
This study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2014-01-01
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| Series: | PLoS ONE |
| Online Access: | http://europepmc.org/articles/PMC3982958?pdf=render |
| _version_ | 1818502644124090368 |
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| author | Parisa Samimi Hashem Salarzadeh Jenatabadi |
| author_facet | Parisa Samimi Hashem Salarzadeh Jenatabadi |
| author_sort | Parisa Samimi |
| collection | DOAJ |
| description | This study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on the income level of countries. Utilizing the generalized method of moments (GMM) estimator within the framework of a dynamic panel data approach, we provide evidence which suggests that economic globalization has statistically significant impact on economic growth in OIC countries. The results indicate that this positive effect is increased in the countries with better-educated workers and well-developed financial systems. Our finding shows that the effect of economic globalization also depends on the country's level of income. High and middle-income countries benefit from globalization whereas low-income countries do not gain from it. In fact, the countries should receive the appropriate income level to be benefited from globalization. Economic globalization not only directly promotes growth but also indirectly does so via complementary reforms. |
| first_indexed | 2024-12-10T21:12:59Z |
| format | Article |
| id | doaj.art-0e4e435c7c584ef7a363e5918e1b9291 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-10T21:12:59Z |
| publishDate | 2014-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-0e4e435c7c584ef7a363e5918e1b92912022-12-22T01:33:23ZengPublic Library of Science (PLoS)PLoS ONE1932-62032014-01-0194e8782410.1371/journal.pone.0087824Globalization and economic growth: empirical evidence on the role of complementarities.Parisa SamimiHashem Salarzadeh JenatabadiThis study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on the income level of countries. Utilizing the generalized method of moments (GMM) estimator within the framework of a dynamic panel data approach, we provide evidence which suggests that economic globalization has statistically significant impact on economic growth in OIC countries. The results indicate that this positive effect is increased in the countries with better-educated workers and well-developed financial systems. Our finding shows that the effect of economic globalization also depends on the country's level of income. High and middle-income countries benefit from globalization whereas low-income countries do not gain from it. In fact, the countries should receive the appropriate income level to be benefited from globalization. Economic globalization not only directly promotes growth but also indirectly does so via complementary reforms.http://europepmc.org/articles/PMC3982958?pdf=render |
| spellingShingle | Parisa Samimi Hashem Salarzadeh Jenatabadi Globalization and economic growth: empirical evidence on the role of complementarities. PLoS ONE |
| title | Globalization and economic growth: empirical evidence on the role of complementarities. |
| title_full | Globalization and economic growth: empirical evidence on the role of complementarities. |
| title_fullStr | Globalization and economic growth: empirical evidence on the role of complementarities. |
| title_full_unstemmed | Globalization and economic growth: empirical evidence on the role of complementarities. |
| title_short | Globalization and economic growth: empirical evidence on the role of complementarities. |
| title_sort | globalization and economic growth empirical evidence on the role of complementarities |
| url | http://europepmc.org/articles/PMC3982958?pdf=render |
| work_keys_str_mv | AT parisasamimi globalizationandeconomicgrowthempiricalevidenceontheroleofcomplementarities AT hashemsalarzadehjenatabadi globalizationandeconomicgrowthempiricalevidenceontheroleofcomplementarities |