DETERMINANTS OF GLOBALIZATION AND ITS IMPACTS ON INCOME INEQUALITY AND ECONOMIC GROWTH

AHMAD, NURSHILA (2021) DETERMINANTS OF GLOBALIZATION AND ITS IMPACTS ON INCOME INEQUALITY AND ECONOMIC GROWTH. Doctoral thesis, Universiti Putra Malaysia.

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Abstract

This dissertation consists of three empirical exercises, all of which are related to globalisations and its impacts on economic activities. The first objective of this dissertation is to examine the impact of globalisation on income inequality in developing countries. It formally tests whether globalisation has differential impacts on income at different level using a panel data set from 50 developing countries during the 1990-2017 period. Methodologically, it departs from the existing literature by exploiting panel quantile regression analysis. This methodological approach allows us to test the impact of globalisation on income at different level. There are three indicators of globalisation used in this study namely, economic globalisation (i.e., trade plus finance), trade globalisation, financial globalisation. Overall, the results reveal that the impact of economic globalisation on income gap is negative such that as countries become more globalised, income gap becomes narrower. However, further analyses on disaggregated index suggest that trade globalisation widens the income gap but financial globalisation appears to have a reducing effect on income gap. The uncertainty surrounding FDI theories and empirical approaches has created the notion that few FDI determinants are truly robust. Economic freedom to be seen as an important determinant of FDI, yet a variety of economic freedom components exist and their influences on FDI remain uncertain. Therefore, the second objective of this dissertation aims to identify robust determinants of foreign direct investment (FDI) inflows. Exploiting a panel of 94 countries covering the 1980 to 2017 period, this study deals with model uncertainty using Sala i-Martin’s Extreme Bounds Analysis (EBA) to identify factors that are robustly related to FDI inflows.

Item Type:	Thesis (Doctoral)
Subjects:	Social Sciences > Economic Theory
Depositing User:	ENCIK SAIFUL FADZLY JAMALUDIN
Date Deposited:	08 Jul 2026 13:17
Last Modified:	08 Jul 2026 13:17
URI:	https://repositori.mohe.gov.my/id/eprint/320

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