{"id":112940,"date":"2024-01-22T17:48:15","date_gmt":"2024-01-22T16:48:15","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112940\/"},"modified":"2024-11-07T04:08:45","modified_gmt":"2024-11-07T03:08:45","slug":"how-to-measure-globalisation-a-new-globalisation-index-ngi","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112940\/","title":{"rendered":"How to Measure Globalisation? A New Globalisation Index (NGI)"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112940","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"With its 21 variables, the new composite globalisation index presented in this paper accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced: First, five variables that have until now not been used in globalisation indices enter the calculations. Second, geographical distances between countries are incorporated into the index in the trade variable, so as to account for the distinction between globalisation and regional integration. A final innovation is a methodological one, which concerns the use of a statistical method (principal component analysis) to form sub-indices according to the statistical features of the variable structure. A control for country size is employed for significantly affected variables, as was done in some other globalisation indices before. The final index contains 70 countries and covers the period of 1995 to 2005.","onlinedate":"2009-09-16 02:00:00","lang":"English","publication_series":"","publication_date":"20091201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"37","keywords":"[\"globalisation\",\"globlisation\",\"growth and development\",\"integration\",\"measurement of openness\",\"openness of economies\"]","jelcodes":"[]","related_publications":"[]","pdf":334190,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"343","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491],"collaboration":"","persons":[4837],"persons_data":"[{\"personId\":4837,\"personName\":\"Petra Vujakovic\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Vujakovic, P.<\\\/span> (2009). <span>How to Measure Globalisation? A New Globalisation Index (NGI)<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (343). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/36681\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/36681<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Vujakovic P<\\\/span>. <span class=\\\"title\\\"><span>How to Measure Globalisation? A New Globalisation Index (NGI)<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2009 Dec;(343).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{86d89c200fb24f96baa50c7bcc104962,<\\\/div><div>  title    = \\\"How to Measure Globalisation? A New Globalisation Index (NGI)\\\",<\\\/div><div>  abstract = \\\"With its 21 variables, the new composite globalisation index presented in this paper accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced: First, five variables that have until now not been used in globalisation indices enter the calculations. Second, geographical distances between countries are incorporated into the index in the trade variable, so as to account for the distinction between globalisation and regional integration. A final innovation is a methodological one, which concerns the use of a statistical method (principal component analysis) to form sub-indices according to the statistical features of the variable structure. A control for country size is employed for significantly affected variables, as was done in some other globalisation indices before. The final index contains 70 countries and covers the period of 1995 to 2005.\\\",<\\\/div><div>  keywords = \\\"globalisation, globlisation, growth and development, integration, measurement of openness, openness of economies, globalisation, globlisation, growth and development, integration, measurement of openness, openness of economies\\\",<\\\/div><div>  author   = \\\"Petra Vujakovic\\\",<\\\/div><div>  year     = \\\"2009\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - How to Measure Globalisation? A New Globalisation Index (NGI)<\\\/p><p>AU  - Vujakovic, Petra<\\\/p><p>PY  - 2009\\\/12<\\\/p><p>Y1  - 2009\\\/12<\\\/p><p>N2  - With its 21 variables, the new composite globalisation index presented in this paper accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced: First, five variables that have until now not been used in globalisation indices enter the calculations. Second, geographical distances between countries are incorporated into the index in the trade variable, so as to account for the distinction between globalisation and regional integration. A final innovation is a methodological one, which concerns the use of a statistical method (principal component analysis) to form sub-indices according to the statistical features of the variable structure. A control for country size is employed for significantly affected variables, as was done in some other globalisation indices before. The final index contains 70 countries and covers the period of 1995 to 2005.<\\\/p><p>AB  - With its 21 variables, the new composite globalisation index presented in this paper accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced: First, five variables that have until now not been used in globalisation indices enter the calculations. Second, geographical distances between countries are incorporated into the index in the trade variable, so as to account for the distinction between globalisation and regional integration. A final innovation is a methodological one, which concerns the use of a statistical method (principal component analysis) to form sub-indices according to the statistical features of the variable structure. A control for country size is employed for significantly affected variables, as was done in some other globalisation indices before. The final index contains 70 countries and covers the period of 1995 to 2005.<\\\/p><p>KW  - globalisation<\\\/p><p>KW  - globlisation<\\\/p><p>KW  - growth and development<\\\/p><p>KW  - integration<\\\/p><p>KW  - measurement of openness<\\\/p><p>KW  - openness of economies<\\\/p><p>KW  - globalisation<\\\/p><p>KW  - globlisation<\\\/p><p>KW  - growth and development<\\\/p><p>KW  - integration<\\\/p><p>KW  - measurement of openness<\\\/p><p>KW  - openness of economies<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Measure Globalisation? 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