Globalization and Economic Growth
A Sustainability Analysis for South Asian Countries
Bibliographic Data
| ID | 21793306 |
|---|---|
| Authors | Yuanzhi Liu (School of Marxism Jiangxi University of Finance and Economics Nanchang China), Liu Yuanzhi (Jiangxi University of Finance and Economics), Akintoye Victor Adejumo (Obafemi Awolowo University), Oluwabunmi O Adejumo (0000-0002-8073-3153, Obafemi Awolowo University, corresponding author), Timothy Ayomitunde Aderemi (0000-0003-1877-8657, Bells University of Technology) |
| Year | 2022 |
| Volume | 13 |
| Issue | 4 |
| Pages | 507-522 |
| Publication date | 2022-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Policy (JOURNAL) |
| Journal identifiers | ISSN: 1758-5880 • E-ISSN: 1758-5899 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1758-5899.13073 |
| OpenAlex | W4220704466 |
| Language | EN |
| Citations received | 2 |
| References cited | 35 |
The effect of globalization on national economies remain a subject of empirical interest. Owing to the spillovers via globalization effects, a number of economies in the South Asian region have recorded phenomenal economic growth. However, the extent to which economic growth can influence development outcomes remains the issue of interest. Therefore, this study adds to the literature by examining the time and modulative effects of economic globalization on some direct regressors of economic growth. The study focused on eight South Asian countries from 1996 to 2019 for which data on globalization were sourced from Konjunkturforschungsstelle Globalization index, World Governance Indicators and International country risk database. A pooled autoregressive‐distributed lag (ARDL) approach was utilized in addressing the objective of this study. Consequently, the findings suggest that while globalization influences economic growth positively, rising interest rates and inflationary pressures can unsustain this influence. Likewise, the modulated estimates show that economic globalization can be utilized as a tool to stimulate investment as well as to check corruption and subsequently sustain economic growth in South Asian economies
Corporate governance · Development economics · Distributed lag · Economic globalization · Economic system · Economics · Globalization · Language change · Market economy · Sustainability · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Global trade and economics
Estimation of Nonstationary Heterogeneous Panels
The dynamics of ICT, foreign direct investment, globalization and economic growth
Unit root tests in panel data
Testing for unit roots in heterogeneous panels
Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
Spurious regression and residual-based tests for cointegration in panel data
Political Globalization
Introduction
Institutions, infrastructure, and economic growth
Government size and growth
| Citations per year | 0.67 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |