Title

Economic Systems Of Developing Nations

Document Type

Article

Publication Date

3-1-2006

Published In

Comparative Economic Studies

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. [PUBLICATION ABSTRACT]