Arbeitspapier
Economic systems in developing countries: A macro cluster approach
The literature on economic systems and corresponding empirical studies have largely focused on a classification for developed countries, while other world regions have only partly been included and/or not compared to established OECD prototypes on an income-adjusted basis. In our macro clustering approach, we apply Ward as well as Fuzzy C-Means clustering methods and, in contrast with other approaches, correct for the income bias in clustering variables. We are therefore able to include a worldwide sample of 115 developed and developing countries, the latter including transition countries. The major result from using income adjusted variables is that developing countries phase into the OECD divide. On the one hand, most African and Latin American countries join the liberal OECD prototype economies in the world of inequality. On the other hand, a large part of Asian developing countries as well all transition countries join the coordinated and liberal European market economies in the world of equality. As a robust result, European Nordic and transition countries form a cluster combining high levels of innovation and equality if income differences are phased out. At the same time, as argued by La Porta et al. (2008) and Lange et al. (2006), the distribution of non-transition developing countries between and within these worlds of equality and inequality reveals a clear distinction between British vs. other colonial heritages as one driver of economic systems today.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 2089
- Klassifikation
-
Wirtschaft
Structure and Scope of Government: General
Capitalist Systems: General
Comparative Analysis of Economic Systems
- Thema
-
Economic Systems
Varieties of Capitalism
Worlds of Welfare States
Cluster Analysis
Principal Components Analysis
OECD
Developing Countries
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ahlborn, Markus
Schweickert, Rainer
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ahlborn, Markus
- Schweickert, Rainer
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2017
Ähnliche Objekte (12)
Economic systems in developing countries: A macro cluster approach
[Book Review of] Financial opening : policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
[Book Review of] Exchange rate policies in developing and post-socialist countries : an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Adjustment policies and economic growth in developing countries : is devaluation contractionary?
Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach
Efficient real exchange rate adjustment in developing countries: alternative devaluation strategies, economic structure, and sequencing of reforms
[Book Review of] Financial opening: policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
Adjustment policies and economic growth in developing countries: is devaluation contractionary?
Real exchange rates and economic growth in developing countries: Is devaluation contractionary?
[Book Review of] Exchange rate policies in developing and post-socialist countries: an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Der Wechselkurs als Stabilisierungsinstrument : pacto (Mexiko) versus convertibility (Argentinien)
[Book Review of] Monetary regimes in transition, Michael D. Bordo ... (eds.) : Cambridge, Cambridge Univ. Press, 1993
Economic systems in developing countries: A macro cluster approach
[Book Review of] Financial opening : policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
[Book Review of] Exchange rate policies in developing and post-socialist countries : an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Adjustment policies and economic growth in developing countries : is devaluation contractionary?
Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach
Efficient real exchange rate adjustment in developing countries: alternative devaluation strategies, economic structure, and sequencing of reforms
[Book Review of] Financial opening: policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
Adjustment policies and economic growth in developing countries: is devaluation contractionary?
Real exchange rates and economic growth in developing countries: Is devaluation contractionary?
[Book Review of] Exchange rate policies in developing and post-socialist countries: an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Der Wechselkurs als Stabilisierungsinstrument : pacto (Mexiko) versus convertibility (Argentinien)
[Book Review of] Monetary regimes in transition, Michael D. Bordo ... (eds.) : Cambridge, Cambridge Univ. Press, 1993
Economic systems in developing countries: A macro cluster approach
[Book Review of] Financial opening : policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
[Book Review of] Exchange rate policies in developing and post-socialist countries : an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Adjustment policies and economic growth in developing countries : is devaluation contractionary?
Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach
Efficient real exchange rate adjustment in developing countries: alternative devaluation strategies, economic structure, and sequencing of reforms
[Book Review of] Financial opening: policy issues and experiences in developing countries, Helmut Reisen ... (eds.), Paris, OECD, 1993
Adjustment policies and economic growth in developing countries: is devaluation contractionary?
Real exchange rates and economic growth in developing countries: Is devaluation contractionary?
[Book Review of] Exchange rate policies in developing and post-socialist countries: an International Center for Economic Growth publication, Claassen, Emil-Maria (ed.), San Francisco, ICS Press, 1991
Der Wechselkurs als Stabilisierungsinstrument : pacto (Mexiko) versus convertibility (Argentinien)