Re-examining the impact of globalisation on economic growth: evidence from South America
This study aims to re-examine the relationship between globalisation and economic growth in nine South America countries using the new KOF globalisation index. The new improvement version of globalisation index contains 43 variables compare to only 23 variables in the Dreher (2006) version which is...
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| Format: | Article |
| Language: | English English |
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Penerbit UMS
2021
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| Online Access: | https://eprints.ums.edu.my/id/eprint/31702/2/Re-Examining%20the%20Impact%20of%20Globalisation%20on%20Economic%20Growth_%20Evidence%20from%20South%20America_ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/31702/1/Re-examining%20the%20impact%20of%20globalisation%20on%20economic%20growth_%20evidence%20from%20South%20America.pdf |
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| author | Muhammad Ariff Azhan Norli Chia, Yee Ee |
| author_facet | Muhammad Ariff Azhan Norli Chia, Yee Ee |
| author_sort | Muhammad Ariff Azhan Norli |
| collection | UMS |
| description | This study aims to re-examine the relationship between globalisation and economic growth in nine South America countries using the new KOF globalisation index. The new improvement version of globalisation index contains 43 variables compare to only 23 variables in the Dreher (2006) version which is more precisely quantifies the all-encompassing concept of globalisation. The new index of globalisation includes both de facto and de jure measures that would influence economic growth differently in certain countries. The data spanning a 17-year period from 2002-2018. Our baseline pooled Ordinary Least Squares (OLS) regression model finds that globalisation is positively and significantly associated with higher economic growth. This suggests that globalisation improves growth in overall South America countries. Hence, our key findings are supported with a battery of robustness tests, namely Fama MacBeth, quantile regression, and firm fixed effects. |
| first_indexed | 2024-03-06T03:13:35Z |
| format | Article |
| id | ums.eprints-31702 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:13:35Z |
| publishDate | 2021 |
| publisher | Penerbit UMS |
| record_format | dspace |
| spelling | ums.eprints-317022022-02-25T21:22:10Z https://eprints.ums.edu.my/id/eprint/31702/ Re-examining the impact of globalisation on economic growth: evidence from South America Muhammad Ariff Azhan Norli Chia, Yee Ee HC94-1085 By region or country This study aims to re-examine the relationship between globalisation and economic growth in nine South America countries using the new KOF globalisation index. The new improvement version of globalisation index contains 43 variables compare to only 23 variables in the Dreher (2006) version which is more precisely quantifies the all-encompassing concept of globalisation. The new index of globalisation includes both de facto and de jure measures that would influence economic growth differently in certain countries. The data spanning a 17-year period from 2002-2018. Our baseline pooled Ordinary Least Squares (OLS) regression model finds that globalisation is positively and significantly associated with higher economic growth. This suggests that globalisation improves growth in overall South America countries. Hence, our key findings are supported with a battery of robustness tests, namely Fama MacBeth, quantile regression, and firm fixed effects. Penerbit UMS 2021 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/31702/2/Re-Examining%20the%20Impact%20of%20Globalisation%20on%20Economic%20Growth_%20Evidence%20from%20South%20America_ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/31702/1/Re-examining%20the%20impact%20of%20globalisation%20on%20economic%20growth_%20evidence%20from%20South%20America.pdf Muhammad Ariff Azhan Norli and Chia, Yee Ee (2021) Re-examining the impact of globalisation on economic growth: evidence from South America. Labuan Bulletin of International Business and Finance (LBIBF), 19. pp. 55-63. ISSN 1675-7262 (P-ISSN) , 2600-7894 (E-ISSN) https://jurcon.ums.edu.my/ojums/index.php/lbibf/article/view/3361 ISSN: 1675-7262, eISSN: 2600-7894 ISSN: 1675-7262, eISSN: 2600-7894 |
| spellingShingle | HC94-1085 By region or country Muhammad Ariff Azhan Norli Chia, Yee Ee Re-examining the impact of globalisation on economic growth: evidence from South America |
| title | Re-examining the impact of globalisation on economic growth: evidence from South America |
| title_full | Re-examining the impact of globalisation on economic growth: evidence from South America |
| title_fullStr | Re-examining the impact of globalisation on economic growth: evidence from South America |
| title_full_unstemmed | Re-examining the impact of globalisation on economic growth: evidence from South America |
| title_short | Re-examining the impact of globalisation on economic growth: evidence from South America |
| title_sort | re examining the impact of globalisation on economic growth evidence from south america |
| topic | HC94-1085 By region or country |
| url | https://eprints.ums.edu.my/id/eprint/31702/2/Re-Examining%20the%20Impact%20of%20Globalisation%20on%20Economic%20Growth_%20Evidence%20from%20South%20America_ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/31702/1/Re-examining%20the%20impact%20of%20globalisation%20on%20economic%20growth_%20evidence%20from%20South%20America.pdf |
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