Work detail

Use of the DHL Index in the Analysis of Globalization

Author: Bc. Jakub Močička
Year: 2016 - summer
Leaders: doc. Ing. Tomáš Cahlík CSc.
Work type: Bachelors
Language: Czech
Pages: 66
Awards and prizes:
Abstract: In my bachelor thesis is firstly discussed topic of globalisation, where focus point is history,
development of globalisation term and varieties of definition of globalisation. Then are
introduced globalisation indexes (DHL connectedness index, KOF Index of Globalization,
Ernst and Young globalisation index and Maastricht globalisation index) for which indexes or
indicators used to create them are discussed as well values corresponding to particular indexes
and indicators and scales on which are globalisation index transformed. In the next part indexes
are compared, where differences and similarities as well as set of countries on which indexes
are reported and magnitudes of respective indexes and indicators are discussed. Main part of
thesis is focused on the relationship between globalisation indexes and particular
macroeconomic indicators (GDP, inflation and unemployment). For that purpose two methods
of estimation are used – one-step Arellano-Bond GMM estimator and fixed effect. Study is
focused on a time period between year 2005 and 2013 for which DHL Global Connectedness
Index is reported. Dataset consists of panel data of 140 countries for GDP and inflation and 34
countries for unemployment. Final part is focused on evaluation of relationships between
globalisation indexes and macroeconomic indicators and general fulfilment of the goal of the


Česká Spořitelna


Patria Finance