SPATIAL IMPACTS OF ECONOMIC GLOBALISATION ON STRUCTURAL CHANGE: A Panel Data Analysis of ASEAN Member Nations.

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 ofVietnam 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 long-run 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. [ABSTRACT FROM AUTHOR]