Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions
The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2017-04-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/sues-2017-0003 |
| _version_ | 1811321130980474880 |
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| author | Olimpia Neagu Stela Dima |
| author_facet | Olimpia Neagu Stela Dima |
| author_sort | Olimpia Neagu |
| collection | DOAJ |
| description | The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices) on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013. |
| first_indexed | 2024-04-13T13:11:28Z |
| format | Article |
| id | doaj.art-0e5e94f50fd04a40a8f10e25ef142c47 |
| institution | Directory Open Access Journal |
| issn | 2285-3065 |
| language | English |
| last_indexed | 2024-04-13T13:11:28Z |
| publishDate | 2017-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-0e5e94f50fd04a40a8f10e25ef142c472022-12-22T02:45:35ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice2285-30652017-04-01271294010.1515/sues-2017-0003sues-2017-0003Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political DimensionsOlimpia Neagu0Stela Dima1“Vasile Goldiș” Western University of Arad, Romania“Vasile Goldiș” Western University of Arad, RomaniaThe paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices) on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013.https://doi.org/10.1515/sues-2017-0003open economyeconomic growthmacroeconomic impacts of globalisation |
| spellingShingle | Olimpia Neagu Stela Dima Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice open economy economic growth macroeconomic impacts of globalisation |
| title | Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions |
| title_full | Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions |
| title_fullStr | Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions |
| title_full_unstemmed | Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions |
| title_short | Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions |
| title_sort | impact of globalisation on economic growth in romania an empirical analysis of its economic social and political dimensions |
| topic | open economy economic growth macroeconomic impacts of globalisation |
| url | https://doi.org/10.1515/sues-2017-0003 |
| work_keys_str_mv | AT olimpianeagu impactofglobalisationoneconomicgrowthinromaniaanempiricalanalysisofitseconomicsocialandpoliticaldimensions AT steladima impactofglobalisationoneconomicgrowthinromaniaanempiricalanalysisofitseconomicsocialandpoliticaldimensions |