Get error on running `ts-node` on TypeScript files

Below is the error:
```
[Running] ts-node "/Users/nikivi/src/test/ts-test/test.ts"

/Users/nikivi/.npm-global/lib/node_modules/ts-node/src/index.ts:261
return new TSError(diagnosticText, diagnosticCodes)
^
TSError: ⨯ Unable to compile TypeScript:
error TS5023: Unknown compiler option 'exclude'.

at createTSError (/Users/nikivi/.npm-global/lib/node_modules/ts-node/src/index.ts:261:12)
at Object.register (/Users/nikivi/.npm-global/lib/node_modules/ts-node/src/index.ts:265:42)
at Object. (/Users/nikivi/.npm-global/lib/node_modules/ts-node/src/bin.ts:113:17)
at Module._compile (module.js:652:30)
at Object.Module._extensions..js (module.js:663:10)
at Module.load (module.js:565:32)
at tryModuleLoad (module.js:505:12)
at Function.Module._load (module.js:497:3)
at Function.Module.runMain (module.js:693:10)
at startup (bootstrap_node.js:191:16)

[Done] exited with code=1 in 0.332 seconds
```

I have both [ts-node](https://github.com/TypeStrong/ts-node) and [typescript](https://www.npmjs.com/package/typescript) installed globally with `npm i -g`.

I can run the above file in my shell but not with Code Runner:

```
❯ ts-node "/Users/nikivi/src/test/ts-test/test.ts"
test
```