Globalization and economic growth: empirical evidence on the role of complementarities.

ABSTRACT: This study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on the income level of countries. Utilizing the generalized method of moments (GMM) estimator within the framework of a dynamic panel data approach, we provide evidence which suggests that economic globalization has statistically significant impact on economic growth in OIC countries. The results indicate that this positive effect is increased in the countries with better-educated workers and well-developed financial systems. Our finding shows that the effect of economic globalization also depends o

SUBMITTER: Samimi P 

PROVIDER: S-EPMC3982958 | biostudies-literature | 2014

REPOSITORIES: biostudies-literature