A Theoretical & Applied Research in the Field of Degree of Dependency of Economic Growth of Developing Countries to the Economic Growth of Developed Countries

10.22059/ier.2003.30888

Abstract

The analyses by the first ranked economists show that the
economical growth of the countries that import oil or non-oil developing countries (NODCs) depends on the economical growth of the industrial countries. “Goldstein” & “Khan” by means of a long & complete verification show the dependence of the economical growth and “Callier” also claims this fact that the economical growth of the countries that import oil relates on the industrial countries and also depends on the real interest rate.
The author of this paper generalizes the above idea in these facts that:
This verification also includes the countries that export oil or oil-exporting developing countries (OXDCs) and by the way among all the countries that are talked about, the Islamic republic of Iran is chosen and the influence of these parameters on the economical growth of this country is analyzed.
In contrast with “callier’s” conclusions first of all this paper shows that nominal interest rate has influenced by the growth of the NODCs countries considerably. Secondly the economical growth of the industrial countries and world interest rate do not have any influence on the economical growth of the countries that are try to improve their oil export.
Additionally this analyze mentions that the economical growth of Iran before & after of Islamic revolution has not influenced by the economical growth of the industrial countries nor the world interest rate and the negative and also the meaningful dummy parameter tell that the economical structure after revolution is not good and if there isn’t any plan to change the structure & conditions of the economy the real economical growth encounters the reduction rate of 5%.