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Developing mathematical theories of the physical world: Open Access research on fluid dynamics from Strathclyde

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Modelling globalization: a spatial econometric analysis

Fingleton, B. (2007) Modelling globalization: a spatial econometric analysis. In: Globalization and Regional Economic Modeling. Advances in Spatial Science . Springer, pp. 393-416. ISBN 9783540724438

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Abstract

We live in a state of global interdependency, in which actions, events and decisions made in one country may have ramifications for many others. Although the phenomena associated with globalization are far reaching and the concern of many disciplines, from the perspective of a geographical economist, it is natural to focus on the economic consequences and causes of globalization. I therefore commence with a working definition of globalization as the increased interdependence of national economies, and the trend towards greater integration of goods and factor markets (Neary 2003), in an attempt to provide a focus for the discussion.