Suchergebnisse

It is hypothesized that a subordinate position in the international goods & capital markets retards economic development. A model of relationships among trade dependency, stock of foreign capital, flow of foreign capital, state strength, level of economic dependency, & economic growth is formulated, & estimated for a sample of 94 nations. Multiple regression analysis identifies: a strong curvilinear relationship between level of economic development & economic growth; a positive effect of flow of foreign capital on economic growth; a negative effect of stock of foreign capital on economic growth; weak interaction effects of intensity of trade & structure of trade on economic growth; & no effect of state strength on economic growth. 2 Tables, 3 Appendixes, 60 References. Modified HA