Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/198790
Authors: 
Gygli, Savina
Haelg, Florian
Potrafke, Niklas
Sturm, Jan-Egbert
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper 7430
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 (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 (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.
Subjects: 
globalization
composite indicators
JEL: 
F15
F36
F43
F53
F60
F62
O19
O24
O57
Y10
Document Type: 
Working Paper

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