ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION
Globalization is a multivalent phenomenon with controversial effects on the economic, social and political spheres. The aim of this paper is to study the relationship between the KOF globalization index and the economic growth, in order to prove that countries with a low globalization indexes tend t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2014-10-01
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| Series: | EURINT |
| Subjects: | |
| Online Access: | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT2014_ENE.pdf |
| _version_ | 1818270985250406400 |
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| author | Sebastian ENEA Silvia PALASCA |
| author_facet | Sebastian ENEA Silvia PALASCA |
| author_sort | Sebastian ENEA |
| collection | DOAJ |
| description | Globalization is a multivalent phenomenon with controversial effects on the economic, social and political spheres. The aim of this paper is to study the relationship between the KOF globalization index and the economic growth, in order to prove that countries with a low globalization indexes tend to be more vulnerable during crisis. In line with previous literature, we employ panel data analysis on an extended sample of European countries, covering a time span of 11 years, from 1999 to 2010. The results indicate the existence of a bidirectional relationship between the globalization index and a sustainable economic growth rate. Future research directions will include an emphasis on the relationship between the KOF globalization index and the political and social dimensions. |
| first_indexed | 2024-12-12T21:18:58Z |
| format | Article |
| id | doaj.art-fa15f1ba3c0d448ba9dbfb078f4b35a5 |
| institution | Directory Open Access Journal |
| issn | 2393-2384 2393-2384 |
| language | English |
| last_indexed | 2024-12-12T21:18:58Z |
| publishDate | 2014-10-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | EURINT |
| spelling | doaj.art-fa15f1ba3c0d448ba9dbfb078f4b35a52022-12-22T00:11:39ZengAlexandru Ioan Cuza University of IasiEURINT2393-23842393-23842014-10-01190103ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNIONSebastian ENEA0Silvia PALASCA1Alexandru Ioan Cuza University of Iasi, RomaniaAlexandru Ioan Cuza University of Iasi, RomaniaGlobalization is a multivalent phenomenon with controversial effects on the economic, social and political spheres. The aim of this paper is to study the relationship between the KOF globalization index and the economic growth, in order to prove that countries with a low globalization indexes tend to be more vulnerable during crisis. In line with previous literature, we employ panel data analysis on an extended sample of European countries, covering a time span of 11 years, from 1999 to 2010. The results indicate the existence of a bidirectional relationship between the globalization index and a sustainable economic growth rate. Future research directions will include an emphasis on the relationship between the KOF globalization index and the political and social dimensions.http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT2014_ENE.pdfglobalizationeconomic growthKOF indexpanel data |
| spellingShingle | Sebastian ENEA Silvia PALASCA ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION EURINT globalization economic growth KOF index panel data |
| title | ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION |
| title_full | ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION |
| title_fullStr | ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION |
| title_full_unstemmed | ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION |
| title_short | ASSESSING ECONOMIC VULNERABILITY IN THE EUROPEAN UNION |
| title_sort | assessing economic vulnerability in the european union |
| topic | globalization economic growth KOF index panel data |
| url | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT2014_ENE.pdf |
| work_keys_str_mv | AT sebastianenea assessingeconomicvulnerabilityintheeuropeanunion AT silviapalasca assessingeconomicvulnerabilityintheeuropeanunion |