Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240370 
Year of Publication: 
2020
Series/Report no.: 
BOFIT Discussion Papers No. 19/2020
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
The political hyperglobalisation trilemma asserts that a government cannot simultaneously opt for deep international integration, national sovereignty and democratic politics, but rather is constrained to choosing two of the three at most. This paper presents a new and comprehensive cross-country panel dataset operationalising the multifaceted three vertices of the trilemma. After an explorative data analysis, we employ panel error-correction techniques to uncover the mutual interdependencies among the variables in the system. The econometric evidence supports the existence of a long-run relationship between economic integration, national sovereignty and democratic politics as postulated in the political globalisation trilemma.
Subjects: 
political trilemma
globalisation
democratic politics
national sovereignty
JEL: 
F60
F62
F15
F68
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-343-0
Document Type: 
Working Paper

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