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- W2891846921 abstract "With the spread of globalization in different aspects, especially the economic aspect, economists started to study the effects of globalization on the economic indexes. Also, the available information and statistics indicate that global inflation has reduced during the last few decades. At the same time, countries’ emergence in the global economy has speeded up. Thus, as inflation and its control are one of the economic problems in many countries, especially developing countries, the current article studies the positive and probably negative effects of economic globalization on the inflation rate in 22 developing Asian countries in the 1994-2014 period. By using the economic dimension of KOF index as the substitute variable for economic globalization as well as the random effects method for estimation, the results indicate a significant negative relationship between economic globalization and inflation in the studied countries. In other words, with one unit increase in globalization index, the inflation rate falls 0.39 unit. Therefore, it seems that countries’ struggle to join the economic globalization and waiving the trade restrictions and obstacles is effective in lowering the inflation rate.JEL Classification: C23, E31, F41" @default.
- W2891846921 created "2018-09-27" @default.
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- W2891846921 date "2019-04-30" @default.
- W2891846921 modified "2023-09-25" @default.
- W2891846921 title "Economic globalization and Its Effect on Inflation in Asian Developing Countries" @default.
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- W2891846921 doi "https://doi.org/10.32598/jmsp.7.1.46" @default.
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