The KOF Globalisation Index – revisited
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Date
2019-09
Publication Type
Journal Article
ETH Bibliography
yes
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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 (Applied Economics, 38(10):1091–1110, 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 (Applied Economics, 38(10):1091–1110, 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. The KOF Globalisation Index can be downloaded from http://www.kof.ethz.ch/globalisation/.
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Publication status
published
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Book title
Journal / series
Volume
14 (3)
Pages / Article No.
543 - 574
Publisher
Springer
Event
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Globalization; Composite indicators
Organisational unit
03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting
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Related publications and datasets
Is identical to: http://hdl.handle.net/20.500.11850/316482