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Cultural Globalization and Economic Growth

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Author(s): Nuno Carlos Leitão

Journal: The Romanian Economic Journal
ISSN 1454-4296

Volume: XVI;
Issue: 47;
Start page: 17;
Date: 2013;
Original page

Keywords: Portugal | Panel data | Convergence and Economic growth.

ABSTRACT
This article investigates the relationship between cultural globalization and economic growth for the Portuguese experience for the period 1995-2011. In this research we apply a static and dynamic panel data. The initial GDP per capita is negatively correlated with economic growth. This result is according to theoretical and empirical studies. This paper shows that international trade and cultural globalization promote the economic growth. As we expected the inflation has a negative impact on economic growth.
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