The Review of International Organizations· 2019Q1
The KOF Globalisation Index – revisited
- 1,982citations
- Q1SCImago
- 2019year
Short summary
A revised KOF Globalisation Index is introduced, now distinguishing between de facto and de jure measures, separating trade and financial globalization, and using 43 variables with time-varying weights.
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Key points
- Revised KOF Globalisation Index distinguishes de facto vs. de jure measures.
- Economic globalization now separated into trade and financial dimensions.
- Index expanded to 43 variables from 23, with time-varying weights.
- New index shows de facto and de jure globalization affect growth differently.
AI-generated from the title and abstract; the full text is not read.
Abstract
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (Applied Economics, 38(10):1091–1110, 2006) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures along the different dimensions of globalization. We also disentangle trade and financial globalization within the economic dimension of globalization and use time-varying weighting of the variables. The new index is based on 43 instead of 23 variables in the previous version. Following Dreher (Applied Economics, 38(10):1091–1110, 2006), we use the new index to examine the effect of globalization on economic growth. The results suggest that de facto and de jure globalization influence economic growth differently. Future research should use the new KOF Globalisation Index to re-examine other important consequences of globalization and why globalization was proceeding rapidly in some countries, such as South Korea, but less so in others. The KOF Globalisation Index can be downloaded from http://www.kof.ethz.ch/globalisation/ .
The authors' abstract, as published at the source. The Review of International Organizations, 2019 · DOI ↗
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Field: General Economics, Econometrics and Finance
General Economics, Econometrics and FinanceEconomics, Econometrics and Finance