Ascarya: journal of Islamic science, culture and social studies
ISSN: 2775-4243
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ISSN: 2775-4243
ISSN: 0168-5988
In: International studies in sociology and social anthropology 87
World Affairs Online
In: Acta politica: AP ; international journal of political science ; official journal of the Dutch Political Science Association (Nederlandse Kring voor Wetenschap der Politiek), Band 20, Heft 4, S. 385-419
ISSN: 0001-6810
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