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Economic Systems of Developing Nations

Author

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  • Frederic L Pryor

    (Swarthmore College, Swarthmore, PA 19081, USA.)

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

Suggested Citation

  • Frederic L Pryor, 2006. "Economic Systems of Developing Nations," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 48(1), pages 77-99, March.
    • Handle: RePEc:pal:compes:v:48:y:2006:i:1:p:77-99
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    Citations

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    Cited by:

    1. Markus Ahlborn & Joachim Ahrens & Rainer Schweickert, 2016. "Large-Scale Transition of Economic Systems – Do CEECs Converge Toward Western Prototypes?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(3), pages 430-454, September.
    2. J. Kornai, 2008. "What Does “Change of System” Mean?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    3. Ahlborn, Markus & Schweickert, Rainer, 2019. "Economic systems in developing countries – A macro cluster approach," Economic Systems, Elsevier, vol. 43(3).
    4. ROUGIER Eric, 2015. ""The parts and the whole”: Unbundling and re-bundling institutional systems and their effect on economic development," Cahiers du GREThA (2007-2019) 2015-12, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    5. Eva CIHELKOVA, 2016. "Formation of the theoretical framework for the comparative analysis of post-socialist countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(9), pages 407-420.
    6. Kornai, János, 2007. "Mit jelent a "rendszerváltás"?. Kísérlet a fogalom tisztázására [What does change of system" mean?. An attempt to clarify the concept]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 303-321.
    7. Papageorgiadis, Nikolaos & Cross, Adam R. & Alexiou, Constantinos, 2014. "International patent systems strength 1998–2011," Journal of World Business, Elsevier, vol. 49(4), pages 586-597.

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