Measuring co-movement of globalization and democratization in the time-frequency space

Yung Hsiang Ying, Koyin Chang, Ginny Ju Ann Yang, Chen Hsun Lee

    Research output: Contribution to journalArticlepeer-review

    Abstract

    In the fields of political science and economics there has been a recent surge of interest in the co-movement of globalization and democratization, Wavelet coherency analysis was first used to measure the co-movement of globalization and democratization in time and frequency domains. We collected our data from the period 1948-2010. The results were as follows: (1) Co-movement is weaker for fluctuations with a duration of less than 3 years during the period from 1950-1990. with the exception of significantly positive co-movement with a duration of greater than 4 years during 1965-1975: and (2) positive long-term, mid-term, and short-term co-movement was indicated after 1990. among which positive short-term to short mid-term co-movement was the most significant. These results suggest that the Cold War influenced the interaction between democratization and globalization.

    Original languageEnglish
    Pages (from-to)206-219
    Number of pages14
    JournalEconomics Bulletin
    Volume34
    Issue number1
    Publication statusPublished - 2014 Jan 1

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

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