Economic Systems of Developing Nations

Frederic L Pryor ()
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Frederic L Pryor: Swarthmore College, Swarthmore, PA 19081, USA.

Comparative Economic Studies, 2006, vol. 48, issue 1, 77-99

Abstract: This essay employs a database of covering 31 different types of economic institutions for 41 developing nations. Defining an economic system in terms of clusters of complementary institutions and performing a cluster analysis, I derive four different types of economic systems. Then I explore the impact of the economic system on the economic growth, inflation rate, and production volatility of the nations with each system. Comparative Economic Studies (2006) 48, 77–99. doi:10.1057/palgrave.ces.8100072

Date: 2006
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