1979 Volume 6 Issue 6 Pages 1-18
This paper is devoted to the formulation of tentative formal models on dependency in both political and economic dimensions, and to estimate them with empirical data on Latin America, the home ground of the dependency theories. In the political dimension, the model tries to “explain” the coercive authoritarianism of the regime by employing the concept of political dependence. In the economic dimension, developmental performance and economic inequality are explained by the components of economic dependence, such as capital and trade dependence. Explanatory constructs of the models include not only those “dependency” variables, but also the internal domestic factors. The explanatory power of the models are surprisingly high, and most of the key coefficients are statistically significant. Residuals are also examined.