Cultural Globalization and Economic Growth

Leitão, Nuno Carlos
Publication date: 
JEL codes: 
C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series, F21 - International Investment; Long-Term Capital Movements.
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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