<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices) on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013.</p></abstract>

The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices) on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013.

Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions

“Vasile Goldiș” Western University of Arad,

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an...

Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions

Online veröffentlicht: 22. Apr. 2017

Seitenbereich: 29 - 40

Eingereicht: 01. Jan. 2017

Akzeptiert: 01. Apr. 2017

DOI: https://doi.org/10.1515/sues-2017-0003

Schlüsselwörter
open economy, economic growth, macroeconomic impacts of globalisation

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions

Online veröffentlicht: 22. Apr. 2017

Seitenbereich: 29 - 40

Eingereicht: 01. Jan. 2017

Akzeptiert: 01. Apr. 2017

DOI: https://doi.org/10.1515/sues-2017-0003

Schlüsselwörteropen economy, economic growth, macroeconomic impacts of globalisation

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Schlüsselwörter
open economy, economic growth, macroeconomic impacts of globalisation