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Use of the DHL Index in the Analysis of Globalization
 Močička, Jakub ; Cahlík, Tomáš (advisor) ; Kučera, Adam (referee)
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...
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