GLOBALIZATION AND HUMAN DEVELOPMENT IN POST-TRANSITION COUNTRIES: EMPIRICAL EVIDENCE FROM PANEL DATA

In this paper we investigate empirically the relationship between globalization and human development in post-transition countries using annual panel data for the 1971-2010 period. We show that there exists a positive and statistically sig-nificant relationship between globalization and human development in the case of unconditional regressions. This relationship remains positive and significant once the process of European and regional integration is controlled for. Howev-er, when differences in the level of economic development are taken into account the globalization variable loses its statistical significance.