The Effect of Globalization and Political Party on Economic Growth
The Effect of Globalization and Political Party on Economic Growth
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DOI：
10.2753/eee0012-8775490601
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发表时间：
2011-11
影响因子：
1.1
通讯作者：
Chun-ping Chang;Chien‐Chiang Lee
中科院分区：
文献类型：
--
作者：
Chun-ping Chang;Chien‐Chiang Lee
本文旨在探讨全球化（整体水平及其经济、社会和政治一体化的三个维度）对经济增长的促进作用，并考察执政党是否影响了两者之间的关系。本文试图考察1990-2006年期间全球化与经济增长之间的长期均衡关系，同时考虑执政党的影响。在本文中，我们将欧洲分为两组的基础上的政治制度的特点，使用10个前共产主义国家（FCC）和18个经济合作与发展组织（OECD）成员国作为研究样本。我们的实证检验结果证实了我们的预期，即全球化有助于经济增长，但它也对特定的制度因素敏感，如执政党。与经合组织国家相比，全球化对气候变化专门委员会国家人均真实的国内生产总值的影响更大。虽然FCC和OECD国家在地理上接近，但它们的经济发展水平差异很大。
The aim of this paper is to explore the role of globalization (the overall level as well as its three dimensions of economic, social, and political integration) in promoting economic growth and examine if the incumbent political party influences the relation between the two variables. We attempt to investigate the evidence of long-run equilibrium in terms of the relationship between globalization and economic growth in the period 1990-2006 while also considering the influences of the incumbent political party. In this paper we thus divide Europe into two groups based on political regime characteristics, using ten former communist countries (FCCs) and eighteen Organization for Economic Cooperation and Development (OECD) members as the study samples. The results of our empirical test confirm our expectations that globalization contributes to economic growth, but it is also sensitive to specific institutional factors, like an incumbent political party. Globalization has a larger impact on real gross domestic product per capita in FCCs than in OECD countries. Although the FCCs and OECD countries are in geographic proximity, the difference in their level of economic development is very large.