Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/192925
Authors: 
Gygli, Savina
Haelg, Florian
Sturm, Jan-Egbert
Year of Publication: 
2018
Series/Report no.: 
KOF Working Papers 439
Abstract: 
In this paper we present and describe the revised version of the KOF Globalisation Index, a composite index measuring globalisation for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second revision of the index introduces the differentiation between de facto and de jure measures along the different dimensions of globalisation, the differentiation between trade and financial globalisation within the economic dimension of globalisation and time-varying weighting of the variables entering the index. Finally, the revised version incorporates several additional variables in the construction process. At the aggregate level, we show that a bidirectional relationship between de facto and de jure globalisation exists.
Subjects: 
Globalisation
composite indicators
Granger causality
economic growth
JEL: 
F15
F36
F43
F53
F60
F62
O19
O24
O57
Y10
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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