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The Impact of Globalization on Economic Growth in Transition Countries

Bojan Pejović

Journal of Economics / Ekonomicky casopis2024https://doi.org/10.31577/ekoncas.2023.08-09.04article
ABDC B
Weight
0.47

Abstract

The paper analyzes the impact of economic, social, and political components of globalization on the gross domestic product of transition countries. Available data from 1995 to 2018 were analyzed for two groups of European transition countries, divided according to geographical criteria into Western Transition (WT) countries and Eastern Transition (ET) countries. Based on the results of the panel ARDL approach, it was shown that economic and social globalization positively impact gross domestic product in both groups of countries in the long-run. In contrast, political globalization hurts the gross domestic product. Dumitrescu and Hurlin's causality test showed that in WT countries, there is a significant causality from social globalization to gross domestic product and from social globalization to political globalization. In ET countries, there is significant causality from political globalization to economic and social globalization, while economic globalization causes gross domestic product.

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https://doi.org/https://doi.org/10.31577/ekoncas.2023.08-09.04

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@article{bojan2024,
  title        = {{The Impact of Globalization on Economic Growth in Transition Countries}},
  author       = {Bojan Pejović},
  journal      = {Journal of Economics / Ekonomicky casopis},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.31577/ekoncas.2023.08-09.04},
}

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Evidence weight

0.47

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.40 × 0.4 = 0.16
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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