Economic Welfare Analysis with an Emphasis on Aspects of Globalization

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JAFARI SAMIMI AHMAD; ZAROKI SHAHRYAR; Sadati Amiri Seyede Rogheieh

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Paper Information

Journal: Journal of Economic Modelling Year:2019 | Volume:12 | Issue:4 (44) Page(s): 1-23

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Information Journal Paper

Title

Economic Welfare Analysis with an Emphasis on Aspects of Globalization

Author(s)

JAFARI SAMIMI AHMAD | ZAROKI SHAHRYAR | Sadati Amiri Seyede Rogheieh | Issue Writer Certificate

Keywords

JEL Classification:C33Q1

F62Q3

I31Q1

Keywords:Economic WelfareQ2

GlobalizationQ2

Combinational Globalization IndexQ2

Panel DataQ2

Abstract

The purpose of this article is to investigate the effect of economic, social and political aspects of globalization on economic welfare in 50 selected countries from three income groups in the time between 2005 and 2015. For this purpose, economic welfare was been calculated using the Index of Economic Well-Being (IEWB). The results in four frame with Panel Data method indicated that in high-income countries, economic and social aspect of globalization had significant positive effect on economic welfare while political globalization had no statistically significant effect. While, in the middle-income countries only economic aspect of globalization has significant positive effect on economic welfare. In low-income countries also, economic welfare is affect inversely from economic and political globalization and political globalization has not significant effect on welfare. In general, one can say that non-political aspects of globalization were been affected on economic welfare in the selected countries. Income per capita had a significant positive effect on economic welfare, but inflation had no significant effect on economic welfare. Based on the results an increase in the economic relations is recommend in high and middle-income countries.

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APA: Copy

JAFARI SAMIMI, AHMAD, ZAROKI, SHAHRYAR, & Sadati Amiri, Seyede Rogheieh. (2019). Economic Welfare Analysis with an Emphasis on Aspects of Globalization. ECONOMIC MODELLING, 12(4 (44) ), 1-23. SID. https://sid.ir/paper/176231/en

Vancouver: Copy

JAFARI SAMIMI AHMAD, ZAROKI SHAHRYAR, Sadati Amiri Seyede Rogheieh. Economic Welfare Analysis with an Emphasis on Aspects of Globalization. ECONOMIC MODELLING[Internet]. 2019;12(4 (44) ):1-23. Available from: https://sid.ir/paper/176231/en

IEEE: Copy

AHMAD JAFARI SAMIMI, SHAHRYAR ZAROKI, and Seyede Rogheieh Sadati Amiri, “Economic Welfare Analysis with an Emphasis on Aspects of Globalization,” ECONOMIC MODELLING, vol. 12, no. 4 (44) , pp. 1–23, 2019, [Online]. Available: https://sid.ir/paper/176231/en

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