A Panel Data Analysis of Globalization, Peace and Stability: Implications for Governance and the Global Knowledge Economy

  • Ayaz Zafar Quaid-i-Azam University Islamabad, Pakistan
  • Dr Tariq Majeed Quaid-i-Azam University Islamabad, Pakistan
Keywords: globalization, peace and stability, governance, global knowledge economy

Abstract

This study attempts to explore the relationship between globalization and the knowledge economy via governance. It intends to explain the channel of their relationship through peace and stability. Knowledge economy pillars (Education and Information and communication technology) are used as the dependent variable and globalization is used as an independent variable. To obtain the objectives of the study, the panel data set of 198 countries is used for the period of 1996-2016. The study has employed econometric techniques of panel data set such as the Fixed Effect Model (FEM), Random Effect Model (REM), and Hausman test. The results reveal that globalization has a significant and positive impact on the knowledge economy. Hence the study recommends that the country should execute such reforms that help enhance the globalization and increase the development of the knowledge economy.

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Published
2020-08-31
How to Cite
Zafar, A., & Majeed, D. (2020). A Panel Data Analysis of Globalization, Peace and Stability: Implications for Governance and the Global Knowledge Economy. Journal of Quantitative Methods, 4(2), 1-1. Retrieved from https://ojs.umt.edu.pk/index.php/jqm/article/view/498
Section
Articles