Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia
International connections through trade, foreign direct investment, migration, the Internet, and other channels are critical for the transmission of knowledge and growth and form macroeconomic linkages. But how much knowledge is transmitted to a co...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/580411526052786851/Multidimensional-connectivity-benefits-risks-and-policy-implications-for-Europe-and-Central-Asia http://hdl.handle.net/10986/29844 |
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okr-10986-298442021-06-08T14:42:46Z Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia Gould, David Kenett, Dror Y. Panterov, Georgi ECONOMIC GROWTH CONNECTIVITY TRADE GLOBALIZATION NETWORKS FOREIGN DIRECT INVESTMENT MIGRAITON INTERNET REMITTANCES KNOWLEDGE TRANSFER GLOBAL CONNECTIONS International connections through trade, foreign direct investment, migration, the Internet, and other channels are critical for the transmission of knowledge and growth and form macroeconomic linkages. But how much knowledge is transmitted to a country is not only the result of the overall level of connectivity, but also to whom a country is connected, as well as how these connections complement each other. For example, being well-connected to an economy with wide-reaching global connections is likely to be a stronger conduit for knowledge transfers than being connected to an isolated economy. Likewise, connections are likely to complement each other. For example, ecommerce is often seen as a benefit of Internet connectivity, but without transport connectivity, ecommerce may not amount to much. This wider definition of connectivity, referred to as multidimensional connectivity, is broadened and explored in this study as it applies to Europe and Central Asia. Focusing on countries from the Europe and Central Asia region, the paper shows that multidimensional connectivity is an economically and statistically important determinant of future economic growth. The paper further discusses the potential risks and transfer of shocks that can result from cross-country economic connectivity. Furthermore, it provides some examples of how policy tools can be designed to leverage the benefits of connectivity channels and mitigate their risks. 2018-05-16T20:23:30Z 2018-05-16T20:23:30Z 2018-05 Working Paper http://documents.worldbank.org/curated/en/580411526052786851/Multidimensional-connectivity-benefits-risks-and-policy-implications-for-Europe-and-Central-Asia http://hdl.handle.net/10986/29844 English Policy Research Working Paper;No. 8438 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH CONNECTIVITY TRADE GLOBALIZATION NETWORKS FOREIGN DIRECT INVESTMENT MIGRAITON INTERNET REMITTANCES KNOWLEDGE TRANSFER GLOBAL CONNECTIONS |
| spellingShingle |
ECONOMIC GROWTH CONNECTIVITY TRADE GLOBALIZATION NETWORKS FOREIGN DIRECT INVESTMENT MIGRAITON INTERNET REMITTANCES KNOWLEDGE TRANSFER GLOBAL CONNECTIONS Gould, David Kenett, Dror Y. Panterov, Georgi Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| geographic_facet |
Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 8438 |
| description |
International connections through trade,
foreign direct investment, migration, the Internet, and
other channels are critical for the transmission of
knowledge and growth and form macroeconomic linkages. But
how much knowledge is transmitted to a country is not only
the result of the overall level of connectivity, but also to
whom a country is connected, as well as how these
connections complement each other. For example, being
well-connected to an economy with wide-reaching global
connections is likely to be a stronger conduit for knowledge
transfers than being connected to an isolated economy.
Likewise, connections are likely to complement each other.
For example, ecommerce is often seen as a benefit of
Internet connectivity, but without transport connectivity,
ecommerce may not amount to much. This wider definition of
connectivity, referred to as multidimensional connectivity,
is broadened and explored in this study as it applies to
Europe and Central Asia. Focusing on countries from the
Europe and Central Asia region, the paper shows that
multidimensional connectivity is an economically and
statistically important determinant of future economic
growth. The paper further discusses the potential risks and
transfer of shocks that can result from cross-country
economic connectivity. Furthermore, it provides some
examples of how policy tools can be designed to leverage the
benefits of connectivity channels and mitigate their risks. |
| format |
Working Paper |
| author |
Gould, David Kenett, Dror Y. Panterov, Georgi |
| author_facet |
Gould, David Kenett, Dror Y. Panterov, Georgi |
| author_sort |
Gould, David |
| title |
Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| title_short |
Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| title_full |
Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| title_fullStr |
Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| title_full_unstemmed |
Multidimensional Connectivity : Benefits, Risks, and Policy Implications for Europe and Central Asia |
| title_sort |
multidimensional connectivity : benefits, risks, and policy implications for europe and central asia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/580411526052786851/Multidimensional-connectivity-benefits-risks-and-policy-implications-for-Europe-and-Central-Asia http://hdl.handle.net/10986/29844 |
| _version_ |
1764470531848929280 |