Author
Saima SARWAR* and Raees ASLAM**
Abstract
This study has analysed spatial effects of economic, social and political globalisation on structural
change while controlling for financial access and human capital in eight ASEAN member
nations: Brunei Darussalam, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand
and Vietnam. Data has been taken from the WDI Database, KOF Index of Globalisation, General
Statistics Office of Vietnam and Statistics Department Singapore from 1993 to 2014. Panel
Spatial Static SDM has been used to find out long-run spatial impacts of variants of globalisation
and covariates on structural change. Empirical findings highlight the existence of longrun
spatial negative effects of economic and political globalisation on own country’s structural
change and positive impacts of human capital on structural change. The cross-border spillover
effects of neighbouring members on structural change of neighbour economy is such that economic
globalisation has a negative, whereas social globalisation has a positive impact. The
study recommends increasing human capital stock as it has a positive impact on driving structural
change in ASEAN member nations in this study.
