Li, Kui-Wai and Pang, Iris A J and Ng, Michael C M (2007): Can Performance of Indigenous Factors Influence Growth and Globalization? Published in:
Download (321Kb) | Preview
This paper employs a total of thirty four openness factors and indigenous factors to construct two indicators for 62 world economies for the period 1998-2002. While most globalization studies concentrated on openness factors, regression estimates and simulation studies show that sound performance in indigenous factors are crucial to an economy’s growth and globalization. Empirical evidence shows that an optimal performance in indigenous factors can be identified, and that successful globalized economies are equipped with strong performance in their indigenous factors.
|Item Type:||MPRA Paper|
|Original Title:||Can Performance of Indigenous Factors Influence Growth and Globalization?|
|Keywords:||Globalization, indigenous factors, openness, world economies|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models; Multiple Variables > C33 - Models with Panel Data; Longitudinal Data; Spatial Time Series
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
|Depositing User:||Kui-Wai Li|
|Date Deposited:||09. Dec 2011 14:16|
|Last Modified:||18. Feb 2013 22:39|
Aisbett, E. (2005) Why are the Critics so Convinced that Globalization is Bad for the Poor?, Working Paper No. 11066, National Bureau of Economic Research. Andersen, T., and Herbertsson, T. (2005) Quantifying Globalization, Applied Economics, 37, pp. 1089-1098. Balassa, B. (1965) Traded Liberalization and ‘Revealed’ Comparative Advantage, The Manchester School of Economic and Social Studies, 33, pp. 99-123. Balassa, B. (1977) Revealed’ Comparative Advantage Revisited: An Analysis of Relative Export Shares of the Industrial Countries, 1953-1971, The Manchester School of Economic and Social Studies, 45, pp. 327-344. Balassa, B. (1979) The Changing Pattern of Comparative Advantage in Manufactured Goods, Review of Economics and Statistics, 61(2), pp. 259-266. Balassa, B. (1986) Comparative Advantage in Manufactured Goods: A Reappraisal, Review of Economics and Statistics, 68(2), pp. 315-319. Bhagwati, J. (2002) Free Trade Today, (Princeton: Princeton University Press). Bhagwati, J. (2004) In Defense of Globalization, (New York: Oxford University Press). Central Intelligent Agency, (1998-2002) The World Factbook. (Washington D C: Central Intelligent Agency). Deardorff, A., and Stern, R. (2002) What You Should Know about Globalization and the World Trade Organization, Review of International Economics, 10 (3), pp. 404-423. Dreher, A. (2006) Does Globalization Affect Growth? Evidence from a New Index of Globalization, Applied Economics (forthcoming). Edmonds, E., and Pavcnik, N. (2002) Does Globalization Increase Child Labor? Evidence from Vietnam, Working Paper 8760, National Bureau of Economic Research. Falvery, R., and Kreickemeier, E. (2005) Globalization and Factor Returns in Competitive Markets, Journal of International Economics, 66, pp. 233-248. Feldstein, M. (2000) Aspects of Global Economic Integration: Outlook for the Future, Working Paper 7899, National Bureau of Economic Research. Fischer, S. (2003) Globalization and Its Challenge, Ely Lecture, American Economic Association Meeting, Washington D C, January. Frankel, J. (2000) Globalization of the Economy, Working Paper 7858, National Bureau of Economic Research. Heritage Foundation, (1998-2002) Index of Economic Freedom, (Washington D C: Heritage Foundation). Heshmati, A. (2006) Measurement of a Multidimensional Index of Globalization, Global Economy Journal, 6 – 2 Article 1. International Telecommunication Union, (1998-2002) International Telecommunication Union Database, (Geneva: International Telecommunication Union). International Telecommunication Union, (1998-2002) Netcraft Secure Server Surveys, (Geneva: International Telecommunication Union). International Monetary Fund, (1998-2002) International Financial Statistics, (Washington D C: International Monetary Fund). Kearney, A. (2005) Measuring Globalization: Economic Reversals, Forward Momentum, (Washington D C: Foreign Policy). Lockwood, B. (2004) How Robust is the Foreign Policy-Kearney Globalisation Index?, The World Economy, 27, pp. 507--523. Rencher, A. (2002) Methods of Multivariate Analysis, Second Edition, (New York: Wiley-Interscience). Stiglitz, J. (2002) Globalization and Its Discontent, (London: Allen Lane). Subramanian, A., and Wei, S. (2003) The WTO Promotes Trade, Strongly but Unevenly, Working Paper 10024, National Bureau of Economic Research. Transparency House, (2003) Corruption Index 1996-2002, (Washington D C: Transparency House). United Nations, (1998-2002) Balance of Payments Statistics, (New York: United Nations). United Nations, (1998-2002) United Nations Development Program Indicators, (New York: United Nations). United Nations, (1998-2002) United Nations Comtrade, (New York: United Nations). Wallach, L., and Woodall, P. (2004) Whose Trade Organization, (New York: The New Press). Winters, L. (2002) Trade Policies for Poverty Alleviation, in Hoekman, B. Mattoo, A. and English, P. (Eds.), Development, Trade and the WTO: A Handbook, (Washington D C: The World Bank). World Bank, (1998-2002) Aggregate Governance Indicators, (Washington D C: World Bank). World Bank, (1998-2002) World Development Indicators, (Washington D C: World Bank). World Tourism Organization, (1998-2002) Compendium of Tourism Statistics, (New York: United Nations).