International Journal of Social Science & Economic Research
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Title:
IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH: A STUDY OF COUNTRIES BY LEVEL OF DEVELOPMENT

Authors:
Dao Thi Bich Thuy

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Dao Thi Bich Thuy
VNU University of Economics and Business, Vietnam National University, Hanoi

MLA 8
Thuy, Dao Thi Bich. "IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH: A STUDY OF COUNTRIES BY LEVEL OF DEVELOPMENT." Int. j. of Social Science and Economic Research, vol. 7, no. 5, May 2022, pp. 1192-1210, doi.org/10.46609/IJSSER.2022.v07i05.004. Accessed May 2022.
APA 6
Thuy, D. (2022, May). IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH: A STUDY OF COUNTRIES BY LEVEL OF DEVELOPMENT. Int. j. of Social Science and Economic Research, 7(5), 1192-1210. Retrieved from doi.org/10.46609/IJSSER.2022.v07i05.004
Chicago
Thuy, Dao Thi Bich. "IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH: A STUDY OF COUNTRIES BY LEVEL OF DEVELOPMENT." Int. j. of Social Science and Economic Research 7, no. 5 (May 2022), 1192-1210. Accessed May, 2022. doi.org/10.46609/IJSSER.2022.v07i05.004.

References

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ABSTRACT:
This study aims to investigate the impact of globalization on economic growth in countries by different level of development. The study is conducted with 143 countries including developed, developing and least developed countries as classified by the United Nations in the period from 1990 to 2018. The KOF Globalization Index published by the Swiss Economic Institute is used covering the overall level of globalization as well as its dimensional level comprised of economic, social and political globalization. Applying the two-step system GMM estimation for a dynamic panel data model, the finding reveals that globalization has a positive impact on economic growth in all countries. The magnitude of the growth effect of globalization rises as the country’s level of development increases, however, at the decreasing rate. At the dimensional level of globalization, economic globalization has a mixed sign effect on economic growth among different groups of countries while social and political globalization show to be growth stimulus factors in all countries.

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