全球智库信息集成服务系统(G2TT): DP16436 Globalization, Freedoms and Economic Convergence: An empirical exploration of a trivariate relationship using a large panel

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16436
	DP16436 Globalization, Freedoms and Economic Convergence: An empirical exploration of a trivariate relationship using a large panel
	Jorge Braga de Macedo; Joaquim Oliveira Martins; João Tovar Jalles
发表日期	2021-08-09
出版年	2021
语种	英语
摘要	Using a large panel for 95 countries and the 1972-2014 period, this paper analyses the interactions among globalization, political & civil rights and economic convergence, through a simultaneous estimation technique. We use a multi-dimensional, de facto, and continuous measures of Freedoms and Globalization. We find a two-way positive relationship between civil liberties & political rights and economic, political and social Globalization, as well as significant two-way relationships with the economic convergence (using as a proxy the ratio of GDP per capita to the US). In this way, we extend the test for the two-way relationship between Democracy and Globalization put forward by Eichengreen and Leblang (2008). Overall, we also find a virtuous cycle between Globalization, Freedoms and Economic convergence, except for non-OECD countries at early intermediate stages of development. This positive systemic effect can be put into question by the recent negative shocks on Globalization and Freedoms related to the Covid-19 pandemic.
主题	International Macroeconomics and Finance
关键词	Globalization Democracy Freedoms Development Convergence Panel data Three-stage least squares
URL	https://cepr.org/publications/dp16436-0
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545397
推荐引用方式 GB/T 7714	Jorge Braga de Macedo,Joaquim Oliveira Martins,João Tovar Jalles. DP16436 Globalization, Freedoms and Economic Convergence: An empirical exploration of a trivariate relationship using a large panel. 2021.