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Using panel regression for the period 1970-2000 the paper analyzes whether globalization has influenced the OECD … endogeneity of the regressors, the results show that globalization (measured by an index covering 23 variables) did not generally … decrease the leeway for independent economic policy. Globalization even increased implicit tax rates on capital (as calculated …
Persistent link: https://www.econbiz.de/10005076616
According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (“compensation hypothesis”). Employing two different datasets and various measures of globalization, we analyze … whether globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries, we …
Persistent link: https://www.econbiz.de/10005731509
In this paper, we compare Principal Component Analysis (PCA) and Partial Least Squares (PLS) methods to generate weights for composite indices. In this context we also consider various treatments of non-metric variables when constructing such composite indices. Using simulation studies we find...
Persistent link: https://www.econbiz.de/10011210453
Using the KOF Index of Globalization and two indices of economic freedom, the authors empirically analyze whether … globalization and economic liberalization affect governments’ respect for human rights in a panel of 106 countries over the 1981â …€“2004 period. According to their results, physical integrity rights significantly and robustly increase with globalization …
Persistent link: https://www.econbiz.de/10011136137