Abstract

<span class="fontstyle0">This paper analyses the co-integration relationship between globalisation and economic<br />growth of 27 more or less developed countries across almost all Continents for the time period<br />1970–2013. Globalisation is </span><span class="fontstyle2">proxied </span><span class="fontstyle0">by the overall globalisation index and the sub-indices<br />representing economic globalisation, social globalisation and political globalisation, all<br />provided by the Swiss Economic Institute. Economic growth is measured through the natural<br />logarithm of the real Gross Domestic Product, sourced from the World Development<br />Indicators which are provided by the World Bank. Co-integration is tested with quantile cointegration regressions. The results obtained clearly confirm the existence of non-linear cointegration relationships between the considered globalisation indices and the real economic<br />growth.</span>

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